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Nov 17 - 03:55 PM

EUR/USD - Bulls Worried After Failure To Hold Above A Key Fibo

By Christopher Romano  —  Nov 17 - 01:40 PM
  • Broad based US$ weakness in Europe's am drive EUR/USD to a 6-day high

  • 76.4% Fibo of 1.1920-1.1745 pierced, 1.18935 EBS high set in early NY

  • Fall ensues as equities, oil and EUR/JPY fall, 123.53 (EBS) hit in EUR/JPY

  • EUR/USD sinks near 1.1855 then sits near 1.1860 late in the day

  • Inverted daily hammer, failure to hold above Fib concern bulls nL1N2I31Q7

  • EUR/USD longs still face risks from ECB, COVID-19, rates nL1N2I31JO

  • For more click on FXBUZ





eur/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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