By Martin Miller — Mar 10 - 06:36 AM
• EUR/USD huge gains last week broke and closed above the 1.0798 Fibo
• 1.0798 Fibo, is a 61.8% retrace of 1.1214-1.0125 (Sept-Feb) EBS drop
• 14-week momentum turned positive last week, highlighting to bullish bias
• Last week spot registered the biggest one-week return since March 2009
• EUR/USD Trader . Previous update
• Dollar longs continue to bail out amid adversity
Weekly Chart:
Biggest Weekly Gains Table:
(Martin Miller is a Reuters market analyst. The views expressed are his own)
Source:
London Stock Exchange Group | Thomson Reuters
