By Jeremy Boulton — Oct 23 - 06:40 AM
EUR/USD drops to 1.0781 EBS on Oct 23
The door to July's 1.0666 low is 1.0783 - 78.6% Jul-Sep gains
Any close below 1.0783 may trigger a move to sell short
Below 1.0783 would strongly suggest pair revisits 1.0666
A drop to July's low would inevitably lead to a test of 2024 low at 1.0601
Buy signal triggers USD short squeeze resulting in big break nL1N3LZ0BQ
Source:
Refinitiv IFR Research/Market Commentary