FX Monthly (Nov ’17)
Prices pressuring 95.00, but mixed studies suggest consolidation before any clear break is seen.
Cautious Upgrade to Neutral.
A close above 95.00 would confirm continuation of the September rally, and open up the 95.90, (38.2%) Fibonacci retracement.
Still higher is the 97.40, (50%) retracement.
Support is at the 92.75 low of October, but a close below the 91.00 low of September is needed to confirm continuation of the 2017 bear trend and turn investors outright Negative once again.
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