By Martin Miller — Nov 08 - 02:45 AM
EUR/USD's biggest rise since July, closed and remains above the 1.0643 Fibo
1.0643 Fibo is a 23.6% retrace of the 1.1276-1.0448 (Jul-Oct) EBS fall
14-day momentum turned positive last week, reinforcing the upside bias
However the thick cloud, that spans 1.0628-1.0799 region, limits gains
EUR/USD's rise was halted ahead of the 1.0764 Fibo level on Monday
Bulls need a close above 1.0764 Fibo, 38.2% of the same 1.1276-1.0448 drop
EUR/USD Trader TGM2334. Long at 1.0670. Previous update nL1N3C80N7
Source:
Refinitiv IFR Research/Market Commentary