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Oct 06 - 03:55 AM

EUR/USD - Chart Outlook Brightens After Close Above Key Fibo

By Martin Miller  —  Oct 06 - 02:00 AM
  • Daily close above 1.1766 Fibo has shifted near-term bias to upside

  • 1.1766 Fibo is a 38.2% retrace of the 1.2014 to 1.1613 September (EBS) drop

  • While market remains trapped within daily cloud, scope for cloud top test

  • Thick daily cloud spans the 1.1591-1.1869 region

  • We are looking to fade, have placed our offer at 1.1845 ahead of cloud top

  • EUR/USD Trader TGM2334. Previous update nL1N2GV09V

Daily Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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