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Thomson Reuters
Nov 27 - 05:00 AM
EUR/USD - Those Long Of EUR/USD Hanging By A Thread Above A Key Fibo
First appeared on eFXplus on Nov 27 - 02:50 AM
  • EUR/USD longs are hanging by a thread above the key 1.1314 Fibo
  • The key 1.1314 Fibo is 61.8% of the 1.1216 to 1.1472 November (EBS) rise
  • If bulls manage to avert a daily close sub 1.1314, a squeeze may then occur
  • A break and daily close sub 1.1314 Fibo will weaken market structure further
  • EUR/USD bulls build ahead of a key Fibo level

EUR/USD Trader:

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Source:
Thomson Reuters IFR Markets

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