EUR/USD has registered three daily closes in a row under the 1.0880 Fibo

1.0880 Fibo is a 61.8% retrace of the 1.0635-1.1276 (May-July) EBS rise

That increases the odds of a much bigger drop in coming sessions

14-day momentum remains negative, reinforcing the overall bearish market

We remain short at 1.0945 for losses to 1.0786 Fibo, stop trailed to 1.0895

1.0786 Fibo is a 76.4% retrace of the same 1.0635-1.1276 rise

EUR/USD Trader TGM2334. Previous update nL1N39Y219