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massimo nocera
EUR/USD intraday
EUR/USD: Testing supports at 1.2363/29. Lower again after Draghi, but for the session ahead we don't think it's a bottomless pit, with stretched conditions already at the opening and with Fibo, trendline & range-breakout supports & targets nearby at 1.2363/1.2329. But should these refs be lost on a low session / weekly close and / or on a NFP dollar rally, the low-1.22s must be considered as a new target. Mid-body resistance is located at 1.2430/48 and the current intraday stretches are located at 1.2350 & 1.2475.
EUR/USD: Testing supports at 1.2363/29. Lower again after Draghi, but for the session ahead we don't think it's a bottomless pit, with stretched conditions already at the opening and with Fibo, trendline & range-breakout supports & targets nearby at 1.2363/1.2329. But should these refs be lost on a low session / weekly close and / or on a NFP dollar rally, the low-1.22s must be considered as a new target. Mid-body resistance is located at 1.2430/48 and the current intraday stretches are located at 1.2350 & 1.2475.
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