By Martin Miller — Mar 14 - 04:12 AM
• EUR/USD huge gains last week broke and closed above the 1.0798 Fibo
• 1.0798 Fibo, is a 61.8% retrace of 1.1214-1.0125 (Sept-Feb) EBS drop
• The weekly close above the 1.0798 Fibo added to the bullish bias
• 14-week momentum turned positive last week, highlighting to bullish bias
• However, this week spot faltered ahead of 1.0957 Fibo, 76.4% of same fall
• Offer at 1.0890. EUR/USD Trader . Previous update
Weekly Chart:
Daily Chart:
(Martin Miller is a Reuters market analyst. The views expressed are his own)
Source:
London Stock Exchange Group | Thomson Reuters
