By Martin Miller — Aug 16 - 02:35 AM
Large upper shadow on last Thur's candle, highlights an upside rejection
There is a smaller upper shadow on Tue's candle that adds to the bear bias
Those that are bearish need a daily close under recently broken 1.0880 Fibo
1.0880 Fibo is a 61.8% retrace of the 1.0635-1.1276 (May-July) EBS rise
A close under the daily cloud, that spans 1.0888-1.0946, also needed
USD bulls really need a break above a major tech level nL1N39W0LU
EUR/USD Trader TGM2334. Short at 1.0945. Previous update nL1N39W0GA
Source:
Refinitiv IFR Research/Market Commentary