By Martin Miller — Dec 07 - 02:40 AM
EUR/USD has slipped under 1.0453 Fibo, a daily close below would be bearish
1.0453 Fibo is a 38.2% retrace of the 1.0223 to 1.0595 rise
That would increase the odds of a bigger drop through the 1.0409 Fibo
1.0409 Fibo is a 50% retrace of the same 1.0223 to 1.0595 gain
It sees last week's close above the 1.0512 Fibo is a potential "bull trap"
1.0512 Fibo is a 50% retrace of 1.1495 to 0.9528 (Feb to Sept) EBS drop
EUR/USD Trader TGM2334. Previous update nL1N32W0FW
Source:
Refinitiv IFR Research/Market Commentary