By Martin Miller — Oct 13 - 03:00 AM
EUR/USD's recent recovery ran into rock solid key 1.0643 Fibo supply
Note the tenkan and kijun lines is negative aligned
14-day momentum negative since the end of July is negative = bearish
Expect an eventual bearish extension under major 1.0402 Fibo
1.0402 Fibo is a 50% retrace of 0.9528-1.1276 (2022-2023) EBS rise
Bulls need a close above 1.0643 Fibo, 23.6% of 1.1276-1.0448 (Jul-Oct) drop
EUR/USD Trader TGM2334. Previous update nL1N3BI0F2
Source:
Refinitiv IFR Research/Market Commentary