By Martin Miller — Jan 16 - 02:40 AM
EUR/USD bullish cycle looks set to extend in coming sessions
The overall scope is for gains through the major 1.0939 Fibo
1.0939 Fibo is a 50% retrace of the 1.2349 to 0.9528 (2021 to 2022) EBS drop
Fourteen-week momentum remains positive, reinforcing the bullish market
Immediate support comes in at Fri's 1.0781 low, level should prop spot
We are long at 1.0805. EUR/USD Trader TGM2334. Previous nL1N33Y0FP
Source:
Refinitiv IFR Research/Market Commentary