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Aug 21 - 04:55 AM

EUR/USD - Chart Shows Spot Will Likely Soar Above The Dec Peak

By Martin Miller  —  Aug 21 - 03:30 AM
  • EUR/USD scope is growing for much bigger gains through the 1.1139 Dec peak

  • Spot is bullish as it is trading well above the broken 1.1012 Fibo this week

  • 1.1012 Fibo, 76.4% retrace of 1.1139 to 1.0602 (December to April) EBS drop

  • Fourteen-day momentum remains positive, reinforcing the bullish market

  • EUR/USD Trader TGM2334. Previous update nL1N3K7071

  • FX traders should prepare for a bigger dollar slump nL1N3K708G

Source:
Refinitiv IFR Research/Market Commentary

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