Despite EUR/USD latest recovery moves, the overall bias is still negative

14-day momentum negative since the end of July, adding to the downside bias

Note the tenkan and kijun lines remain negative aligned

Expect an eventual bearish resumption to eventually break under 1.0402 Fibo

1.0402 Fibo is a 50% retrace of 0.9528-1.1276 (2022-2023) EBS rise

A close above 1.0643 Fibo, 23.6% of 1.1276-1.0448 (Jul-Oct) drop would defer

EUR/USD Trader TGM2334. Previous update nL1N3BH0HV