By Martin Miller — Oct 16 - 03:40 AM
EUR/USD continues trading below the daily cloud, that is bearish
The Ichimoku cloud currently spans the 1.0956-1.1060 region
On Monday spot crashed below 1.0908 Fibo, it closed below it on Tuesday
1.0908 Fibo is a 50% retrace of the 1.0602-1.1214 (Apr-Sept) EBS rise
That has unmasked the 1.0836 Fibo, 61.8% retrace of the same rise
EUR/USD Trader TGM2334. Offer at 1.0930. Previous nL1N3LR092
Dollar shorts could be stretched to breaking point nL1N3LR0EW
Source:
Refinitiv IFR Research/Market Commentary