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Nov 18 - 03:55 AM

EUR/USD - Chart Points To A Big Drop In Coming Sessions

By Martin Miller  —  Nov 18 - 02:35 AM
  • EUR/USD's double failure above the 200-DMA, now at 1.0414, a bull trap

  • Spot failed above the 200-DMA on Tuesday and Wednesday this week

  • Bull trap: set when a market breaks above a tech level but quickly reverses

  • A big setback to test the 1.0256 Fibo in the near-term is quite likely

  • 1.0256 Fibo: 23.6% retrace of 0.9528-1.0481 (Sept to Nov) EBS rise

  • EUR/USD Trader TGM2334. Previous update nL1N32D0GE

  • It might be time to insure against a EUR/USD slump nL1N32D0Q8

Refinitiv IFR Research/Market Commentary


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