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Oct 10 - 03:55 AM

EUR/USD - Chart Points To An Eventual Collapse Under A Major Fibo

By Martin Miller  —  Oct 10 - 02:40 AM
  • EUR/USD has scope for an eventual slump under the major 1.0402 Fibo

  • 1.0402 Fibo is a 50% retrace of the 0.9528-1.1276 (2022-2023) EBS rise

  • Tenkan and kijun lines are negative aligned, reinforcing the bear market

  • We are short at the 1.0550 level in anticipation for a collapse

  • EUR/USD Trader TGM2334. Previous update nL1N3BF0CS

  • FX traders have more than doubled their USD conviction nL1N3BF0JO

Source:
Refinitiv IFR Research/Market Commentary

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