By Martin Miller — Apr 24 - 03:45 AM
EUR/USD last week failed under 1.0611 Fibo, leading to a subsequent recovery
1.0611 Fibo is a 76.4% retrace of the 1.0448-1.1139 (Oct-Dec) EBS rise
Despite that failure, negative 14-day momentum shows the mkt remains bearish
The negative alignment of the tenkan and kijun lines also points to a drop
EUR/USD Trader TGM2334. Offer at 1.0725. Previous update nL2N3GW0FC
Source:
Refinitiv IFR Research/Market Commentary