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Jan 02 - 04:55 AM

EUR/USD - Chart Shows The Market On The Verge Of A Big Leg Lower

By Martin Miller  —  Jan 02 - 03:31 AM

• EUR/USD's negative alignment of the tenkan and kijun lines remains bearish

• Note the fourteen-day negative momentum reading is also bearish

• The market seems to be on the verge of a much bigger leg lower

• Scope is for an eventual break under the 2024 1.0332 (EBS) low

• Monday's 1.0458 peak should limit near-term corrective moves

Daily Chart:


(Martin Miller is a Reuters market analyst. The views expressed are his own)

Source:
London Stock Exchange Group | Thomson Reuters

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