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Jan 13 - 02:55 AM

EUR/USD - Chart Points To Much Bigger Gains To Long-Term Fibo

By Martin Miller  —  Jan 13 - 02:20 AM
  • EUR/USD bullish cycle looks set to extend in coming sessions

  • The overall scope is for gains to the major 1.0939 Fibo

  • 1.0939 Fibo is a 50% retrace of the 1.2349 to 0.9528 (2021 to 2022) EBS drop

  • Fourteen-week momentum remains positive, reinforcing the bullish market

  • Solid support comes in at this week's 1.0640 low, this should limit losses

  • EUR/USD Trader TGM2334. Previous nL1N33W0EE

Source:
Refinitiv IFR Research/Market Commentary

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