By Martin Miller — Jun 26 - 02:40 AM
EUR/USD remains weighed down by key 1.0763 Fibo supply
1.0763 Fibo is a 38.2% retrace of the 1.0916 to 1.0668 (June) drop
14-day momentum remains negative, reinforcing the overall bearish bias
We are short at 1.0760 for a slump to the 2023 1.0602 (EBS) low
However, bears should be mindful of the "cloud twist" above 1.0780 Wednesday
Daily cloud twists usually act like a magnet
EUR/USD Trader TGM2334. Previous update nL1N3IN07K
Source:
Refinitiv IFR Research/Market Commentary