By Martin Miller — Aug 17 - 02:35 AM
EUR/USD on Wed broke and closed under the daily cloud and the 1.0880 Fibo
The daily cloud currently spans the 1.0932-1.0997 region
1.0880 Fibo, is a 61.8% retrace of the 1.0635-1.1276 (May-July) EBS rise
14-day momentum remains negative, reinforcing the overall bearish market
We remain short at 1.0945 for losses to the 1.0786 Fibo
1.0786 Fibo is a 76.4% retrace of the same 1.0635-1.1276 rise
EUR/USD Trader TGM2334. Short at 1.0945. Previous update nL1N39X0FR
Source:
Refinitiv IFR Research/Market Commentary