Derived Data That Drive Results
By Martin Miller — May 12 - 02:10 AM
EUR/USD's big drop, close under the 1.0959 Fibo confirms the bearish shift
1.0959 Fibo, 23.6% retrace of the 1.0517 to 1.1096 (March to April) EBS rise
The overall scope is for a bigger drop through the 1.0875 Fibo
1.0875 Fibo is a 38.2% retrace of the same 1.0517 to 1.1096 gain
Fourteen-day momentum is negative, reinforcing the underlying bearish bias
Previous nL1N3780WT. Trader TGM2334
Daily Chart: Click here
Source:
Refinitiv IFR Research/Market Commentary
