By Martin Miller — Nov 20 - 03:05 AM
EUR/USD has finally sustained the close above the 1.0862 Fibo = bullish
1.0862 Fibo is a 50% retrace of the 1.1276-1.0448 (July-October) EBS fall
Scope is growing for much bigger gains to test the 1.0960 Fibo
The 1.0960 Fibo is a 61.8% retrace of the same 1.1276-1.0448 drop
14-day momentum remains positive, reinforcing the bullish market structure
EUR/USD Trader TGM2334. Previous update nL1N3CI0I4
Source:
Refinitiv IFR Research/Market Commentary