By Martin Miller — Mar 08 - 02:25 AM
EUR/USD is now well below the cloud, that now spans the 1.0621-1.0822 region
Spot saw the biggest daily drop since Sept 2022, Tues, closing down 148 pips
Increasing odds of a much bigger slump to the 1.0459 Fibo
1.0459 Fibo is a 38.2% retrace of the 0.9528-1.1034 (Sept-Feb) EBS rise
Daily momentum remains negative, highlighting the bearish bias
EUR/USD Trader TGM2334. Previous update nL1N35E0EC
Source:
Refinitiv IFR Research/Market Commentary