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Nov 01 - 04:55 AM

EUR/USD - Chart Very Bullish After Close Above Big Levels

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

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