EUR/USD's scope is for an eventual big break above a major 1.0939 Fibo

1.0939 Fibo is a 50% retrace of the 1.2349 to 0.9528 (2021 to 2022) EBS drop

Fourteen-week momentum remains positive, reinforcing the overall bull market

We are long at 1.0805 for a raised 1.1020 target, while stop is now at cost

Caution is advised, however, due to Monday's candle large upper shadow

A large upper shadow is usually a sign that the upside is being rejected

Dollar hangs by a thread nL1N3470FT. Trader TGM2334. Prev nL1N34809A