EUR/USD has registered two daily closes in a row under the 1.0880 Fibo

1.0880 Fibo is a 61.8% retrace of the 1.0635-1.1276 (May-July) EBS rise

That increases the odds of a much bigger drop in coming sessions

14-day momentum remains negative, reinforcing the overall bearish market

We remain short at 1.0945 for losses to the 1.0786 Fibo

1.0786 Fibo is a 76.4% retrace of the same 1.0635-1.1276 rise

EUR/USD Trader TGM2334. Short at 1.0945. Previous update nL1N39Y0CU