By Martin Miller — Sep 06 - 03:40 AM
EUR/USD found support at 1.1026, on Tuesday, before rebounding
There is scope is for bigger gains in coming sessions to a major 1.1160 Fibo
1.1160 Fibo is a 76.4% retrace of the 1.1201-1.1026 (Aug-Sept) EBS fall
Spot failed under the 1.1060 Fibo, setting up a bear trap: which is bullish
1.1060 Fibo, is a 23.6% retrace of the 1.0602-1.1201 (April-August) EBS rise
A bear trap is set when a market breaks below a tech level but then reverses
EUR/USD Trader TGM2334. Previous update nL1N3KN08V
Source:
Refinitiv IFR Research/Market Commentary