EUR/USD has risen to break the 1.1078 Fibo level on Friday

1.1078 Fibo is a 38.2% retrace of the 1.1201-1.1002 (Aug-Sep) EBS drop

A daily close above the 1.1078 Fibo would add to the upside bias

Those that are bullish should be mindful that 14-day momentum is negative

A failure to close above 1.1078 Fibo would be a sign the recovery is over

EUR/USD Trader TGM2334. Previous update nL1N3KT16K