Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Oct 13 - 04:55 AM

EUR/USD - Ran Into Rock Solid Tech Supply, Outlook Very Negative

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

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2023 eFXdata · All Rights Reserved
!