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Nov 05 - 03:55 AM

EUR/USD's "cloud Twist" Points To Bigger Gains

By Martin Miller  —  Nov 05 - 02:20 AM
  • EUR/USD bias could be shifting to the upside as 1.1591 Fibo limits downside

  • 1.1591 Fibo, a 50% retrace of the 1.1169 to 1.2014 (June to September) rise

  • The cloud twist Thursday, circa 1.1777/78, will likely act like a magnet

  • Though the thinning daily cloud could mark the top of the recovery

  • We will hang onto our 1.1710 short, with our stop at 1.1785

  • EUR/USD Trader TGM2334. Previous update nL1N2HQ10I

Daily Ichimoku: Click here

Source:
Refinitiv IFR Research/Market Commentary

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