By Peter Stoneham — May 09 - 09:35 AM
Cross finally dips below 0.8700, clearing recent lows and Fibo level
We are short from 0.8765, stop at entry and a revised target of 0.8565
December 19 2022 0.8692 low now calling
A 76.4% Fibo off the 0.8548-0.8978 climb is at 0.8649
Weekly charts the most damning for the EUR
Cloud and 200WMA breached and a marked pick up in bearish momentum
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Source:
Refinitiv IFR Research/Market Commentary