By Martin Miller — Oct 14 - 03:05 AM
EUR/USD trading below the cloud, now spanning 1.0943-1.1073, very bearish
However, FX traders beware of the long-legged doji on last Thursday's candle
Thursday's candle formation warns of a possible downside rejection
Also the market failed, on Thursday, to close under the broken 1.0908 Fibo
1.0908 Fibo is a 50% retrace of the 1.0602-1.1214 (Apr-Sept) EBS rise
Bear trap set when a market breaks below a tech level reverses
On balance we remain bearish overall. Trader TGM2334 Previous nL1N3LM09G
Source:
Refinitiv IFR Research/Market Commentary