Derived Data That Drive Results
By Martin Miller — Nov 07 - 03:40 AM
EUR/USD on Wed dropped a whopping 197 pips, biggest slump since March 2020
Spot managed to close under the 1.0746 Fibo, another negative sign
1.0746 Fibo is a 76.4% retrace of the 1.0602 to 1.1214 2024 (EBS) rise
Another close under the 1.0746 Fibo needed to increase confirm downside risk
That would unmask the 1.0602 2024 low for an eventual retest
EUR/USD Trader TGM2334. Previous nL1N3MC0C5
Daily Chart: Click here
Source:
Refinitiv IFR Research/Market Commentary
