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Thomson Reuters
Nov 02 - 05:00 AM
EUR/USD's Biggest One-Day Gain Since Sept Puts Fibo At Risk
First appeared on eFXplus on Nov 02 - 02:55 AM
  • EUR/USD's squeeze risk had been growing , outlook now mixed
  • Thursday EUR/USD saw biggest one-day EBS gain (up 98 pips) since Sept 20
  • The large one-day rise is now grappling with the major 1.1423 Fibo level
  • 1.1423 is a 23.6 percent retrace of the 1.1815 to 1.1423 (Sept to Oct) fall
  • We remain short at 1.1415 in anticipation for a bearish resumption
  • Scope for 1.1301 2018 low, posted in Aug, until a close above 1.1423 occurs

EUR/USD Trader:

Daily Fibo Chart: Click here

Source:
Thomson Reuters IFR Markets

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