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Jun 14 - 04:55 AM

EUR/USD - Volatile EUR/USD Is In Danger Of A Close Under A Broken Fibo

By Martin Miller  —  Jun 14 - 03:35 AM
  • Volatile EUR/USD latest big slump on course to close under the 1.0722 Fibo

  • 1.0722 Fibo is a 61.8% retrace of the 1.0602-1.0916 (April-June) EBS rise

  • If there is a daily close under the 1.0722 Fibo, that would be negative

  • That would increase the risk of a bigger drop to the April 1.0602 low

  • Fourteen-day momentum remains negative, reinforcing the bearish bias

  • EUR/USD Trader TGM2334. Previous update nL1N3IA06M

Source:
Refinitiv IFR Research/Market Commentary

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