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Nov 04 - 03:55 AM

EUR/USD - Chart Remains Bullish After The Latest Rebound

By Martin Miller  —  Nov 04 - 02:55 AM
  • EUR/USD slumped on Friday to find support near tenkan line, now at 1.0833

  • Spot has rebounded on Monday, which is quite a bullish sign

  • There is scope is for bigger gains to the 1.0935 Fibo

  • 1.0935 Fibo is 38.2% retrace of the 1.1214-1.0762 (1.1214-1.0762) EBS fall

  • We are looking to get long at 1.0850. Only under Oct's 1.0762 low will defer

  • EUR/USD Trader TGM2334. Previous nL1N3M80BC

Source:
Refinitiv IFR Research/Market Commentary

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