By Martin Miller — Oct 23 - 03:25 AM
EUR/USD's tenkan and kijun lines are negative aligned = bearish
Scope for an eventual slump under a major 1.0402 Fibonacci level
1.0402 Fibo is a 50% retrace of the 0.9528-1.1276 (2022-2023) EBS rise
We are looking to get short at the 1.0630 level
A break and daily close above 1.0643 Fibo could signal a shift higher
1.0643 Fibo is a 23.6% retrace of the 1.1276-1.0448 (Jul-Oct) drop
Source:
Refinitiv IFR Research/Market Commentary