By Martin Miller — Jan 31 - 04:43 AM
• EUR/USD has faltered ahead of the 1.0573 Fibo, it peaked at 1.0534 on Monday
• 1.0573 Fibo is a 38.2% retrace of the 1.1214-1.0177 (Sept-Jan) EBS drop
• 14-week momentum remains negative, highlighting the overall bearish mkt
• A bigger recovery to the 1.0630 December 2024 high is on hold
• Instead it is increasingly likely we see an extension lower to 1.0177
• EUR/USD Trader
Weekly Chart:
(Martin Miller is a Reuters market analyst. The views expressed are his own)
Source:
London Stock Exchange Group | Thomson Reuters