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