By Martin Miller — May 02 - 06:45 AM
EUR/USD's latest setback has broken under key 1.0959 Fibo support
1.0959 Fibo is a 23.6% retrace of the 1.0517-1.1096 (March-April) EBS rise
If there is a daily close under 1.0959 Fibo, that would be a bearish sign
Until then there is scope for an eventual break above the April 1.1096 peak
Especially as the daily tenkan and kijun lines are positive aligned
We are long at 1.0965 for eventual gains to 1.1095, stop is at 1.0895
Previous update nL1N36Z0F1. EUR/USD Trader TGM2334
Source:
Refinitiv IFR Research/Market Commentary