EUR/USD on Wed broke above 1.1012 Fibo, but narrowly failed to close above

1.1012 Fibo is a 76.4% retrace of the 1.1139 to 1.0602 (Dec to Apr) EBS drop

A daily close above the 1.1012 Fibo is needed to add to the upside bias

We are looking to get long at 1.0985 in anticipation for bigger gains

However, be mindful that spot has so far been limited by 2024 1.1047 high

EUR/USD Trader TGM2334. Previous update nL1N3K107H

EUR/USD could buck its usual negative August trend nL1N3K10FZ