By Martin Miller — Nov 01 - 03:25 AM
EUR/USD has managed to rise and close above the 1.0869 Fibo: bullish
1.0869 Fibo, a 23.6% retrace of the 1.1214 to 1.0762 (Sept to Oct) EBS drop
It has also managed to vault to the 200-DMA, now at 1.0870
That increases the scope for larger gains to the 1.0935 Fibo
1.0935 Fibo is a 38.2% retrace of the same 1.1214 to 1.0762 fall
Sub 1.0762 low would defer. EUR/USD Trader TGM2334. Previous nL1N3M70EF
Source:
Refinitiv IFR Research/Market Commentary