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Jan 28 - 04:55 PM

EUR/USD - Encouraging Sign For Longs After Help From A Key Fibo

By Christopher Romano  —  Jan 28 - 02:51 PM
  • EUR/USD sinks overnight, nears 38.2% Fib 1.1602-1.2349 but reverses course

  • Rally ensues, pair climbs above 55 & 10-DMAs and the daily cloud top

  • Daily RSI turns up & a daily bull hammer forms, both encouraging for longs

  • Longs need break above 21-DMA, Jan 22 high to gain greater control

  • Falling monthly RSI & monthly inverted hammer might be a concern for longs

  • For more click on FXBUZ






eur/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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