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Thomson Reuters
Oct 10 - 03:48 AM
EUR/USD's Candlestick Line Warns Of A Bigger Squeeze Higher
First appeared on eFXplus on Oct 10 - 02:05 AM
  • EUR/USD could be gearing up for another assault on the daily cloud, key Fibo
  • Daily cloud now spans 1.1546-75 region. 1.1579 Fibo (38.2% of 1.1815-1.1433)
  • Hammer with a long tail on Tue's candle line warns of a downside rejection
  • Market found support ahead of the 1.1422 Fibo, increases recovery odds
  • The 1.1422 Fibo is a 76.4% of the 1.1301 to 1.1815 (Aug to Sept) rise
  • EUR/USD had been focused on the 1.1422 Fibo

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