By Martin Miller — Aug 24 - 02:35 AM
EUR/USD bears have run into significant trouble this week
EUR/USD found support on Wed by the 200-DMA, currently at 1.0802
That was ahead of 1.0786 Fibo, 76.4% of 1.0635-1.1276 (May-July) EBS rise
While spot is sub Tue's 1.0930 high and 1.0983 Fibo, outlook still bearish
1.0983 Fibo is a 38.2% retrace of the 1.1276-1.0802 (July to August) drop
EUR/USD Trader TGM2334. Previous update nL1N3A32QH
Source:
Refinitiv IFR Research/Market Commentary