Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Jan 03 - 03:55 AM

EUR/USD - Bullish Pointers But Also Correction Risk

By Peter Stoneham  —  Jan 03 - 01:35 AM
  • Price action for 2022 closed out with a hammer candle (bullish)

  • Strong closes for Oct, Nov and Dec could warrant an adj in early 2023

  • May's 1.0787 high could prove pivotal on further gains

  • Weekly action showing a bullish break inside the Ichimoku cloud

  • Golden cross, 50/200 day moving averages, adds to the bullish risk

  • Initial support at 1.0642, 10DMA

  • Pullback risk but also value seen on dips

    For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2023 eFXdata · All Rights Reserved
!