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