Derived Data That Drive Results
By Martin Miller — Sep 03 - 03:50 AM
EUR/USD on Fri closed under 1.1060 Fibo, but failed to close below it on Mon
1.1060 Fibo, a 23.6% retrace of the 1.0602-1.1201 (April-August) EBS rise
A possible "bear trap", set when a mkt brks below a level but then reverses
Another failure to close below the 1.1060 Fibo Tuesday would be bullish
EUR/USD Trader TGM2334. Previous update nL1N3KK05C
Daily Chart: Click here
Source:
Refinitiv IFR Research/Market Commentary
