By Martin Miller — Feb 03 - 03:35 AM
EUR/USD broke above the 1.0939 Fibo, but is in danger of ending week below
1.0939 Fibo: 50% retracement of the 1.2349 to 0.9528 (2021 to 2022) EBS drop
A weekly close above 1.0939 Fibo is needed to keep the bias on the upside
Note fourteen-week momentum is positive, reinforcing the overall bull market
We remain long at 1.0955 in anticipation for gains in coming sessions
EUR/USD Trader TGM2334. Previous update nL1N34I0LY
Source:
Refinitiv IFR Research/Market Commentary