Bears pressure pivotal Fibo support after break of 1.09 handle
The Euro maintains negative tone and extends lower, following eventual close below 1.0900 handle, delayed for two-day consolidation.
Fresh bears pressure Fibo support at 1.0863 (76.4% of 1.0340/1.2555), break of which would generate bearish signal for extension towards targets at 1.0820 (24 Apr low) and psychological 1.0800 support.
Bearish studies and rising dollar (close to 2019 high against the basket of major currencies) supports negative scenario.
Broken 1.0900 handle now marks initial resistance, followed by former lows at 1.0926 (3/12 Sep) and falling 10DMA (1.0968).
Res: 1.0900; 1.0926; 1.0947; 1.0968
Sup: 1.0878; 1.0863; 1.0820; 1.0800