By Martin Miller — Sep 05 - 04:00 AM
EUR/USD found support at 1.1026, on Tuesday, before rebounding
Scope is for bigger gains in coming sessions to 1.1114 Fibo
1.1114 Fibo is a 50% retrace of the 1.1201-1.1026 (Aug-Sept) EBS fall
Spot failed under the 1.1060 Fibo in two of last four trading sessions
1.1060 Fibo, is a 23.6% retrace of the 1.0602-1.1201 (April-August) EBS rise
A bear trap has likely formed: mkt brks below a tech level but then reverses
EUR/USD Trader TGM2334. Previous update nL1N3KM07R
Source:
Refinitiv IFR Research/Market Commentary