By Martin Miller — Dec 09 - 02:45 AM
EUR/USD failed to close under 1.0453 Fibo, 38.2% of the 1.0223-1.0595 rise
That failure keeps the bias on the upside, Monday's 1.0595 high vulnerable
Last week the market closed above the 1.0512 Fibo = bullish
1.0512 Fibo: 50% retrace of 1.1495 to 0.9528 (Feb to Sept) EBS drop
Will be a bull trap if spot closes back below 1.0512 at the end of this week
EUR/USD Trader TGM2334. Previous update nL1N32Y0GM
Where USD ends this week could be key to direction nL1N32Y0O9
Source:
Refinitiv IFR Research/Market Commentary