Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Oct 26 - 04:55 AM

EUR/USD - Outlook Mixed After Recent Failure Ahead Of Key Fibo

By Martin Miller  —  Oct 26 - 02:56 AM
  • EUR/USD's recovery move has been limited by the key 1.1670 Fibonacci level

  • 1.1670 Fibo is a 38.2% retrace of the 1.1909 to 1.1522 (Sept to Oct) drop

  • A daily close under kijun line, now at 1.1621, will hurt the outlook further

  • We remain long at 1.1633 hoping for much bigger gains in coming sessions

  • However, bulls really need to convincingly take out the 1.1670 Fibo

  • EUR/USD Trader TGM2334. Previous update nL1N2RK0G0

Daily Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2021 eFXdata · All Rights Reserved
!