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Nov 15 - 05:55 AM

EUR/USD - Chart Very Bullish After The Biggest Gain In A Year

By Martin Miller  —  Nov 15 - 03:35 AM
  • EUR/USD biggest gain in just over a year, when it closed up 178 pips Tuesday

  • The big gain broke and closed well above the top of thick cloud

  • The thick cloud currently spans the 1.0576-1.0757 region

  • It also closed above 1.0862 Fibo, 50% of 1.1276-1.0448 (July-Oct) EBS fall

  • Scope for bigger rise to 1.0960 Fibo, 61.8% of the same 1.1276-1.0448 drop

  • EUR/USD Trader TGM2334. Previous update nL1N3CF1GN

Source:
Refinitiv IFR Research/Market Commentary

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