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Nov 14 - 04:55 AM

EUR/USD - Remains Stuck Within Thick Daily Cloud

By Martin Miller  —  Nov 14 - 03:00 AM
  • EUR/USD rise has been limited by the thick cloud that spans 1.0579-1.0757

  • However, last week's setback found support well ahead of the 1.0638 Fibo

  • 1.0638 Fibo is a 38.2% retrace of the 1.0448 to 1.0756 (Oct to Nov) EBS rise

  • 14-day momentum remains positive, reinforcing the overall bullish market

  • A daily close under the 1.0638 Fibo would shift the bias to the downside

  • EUR/USD Trader TGM2334. Previous update nL1N3CE0F4

  • Dollar could be on verge of a much bigger recovery nL1N3CE0RS

Source:
Refinitiv IFR Research/Market Commentary

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