Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Feb 10 - 07:55 AM

EUR/USD - A EUR/USD Daily Close Under A Breached Fibo Would Be Bearish

By Martin Miller  —  Feb 10 - 05:40 AM
  • EUR/USD probed 1.0679 Fibo, 23.6% retrace of the 0.9528 to 1.1034 EBS rise

  • However, despite Tue's 1.0679 Fibo minor break, spot failed to close below

  • A daily close below the 1.0679 Fibo needed to accelerate losses further

  • 3 black crows: 3 long black candles with lower closes (last Thur, Fri, Mon)

  • That is an ominous sign that points to an even bigger drop

  • EUR/USD Trader TGM2334. Previous update nL1N34P0IU

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2023 eFXdata · All Rights Reserved
!