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Refinitiv
Jan 07 - 02:36 AM
EUR/USD - Rally Could Be About To Restart, Chart Suggests
First appeared on eFXplus on Jan 07 - 12:20 AM
  • EUR/USD stalls on EBS early Tues but set up for rally to resume

  • Closing above 1.1186 reaffirms Bollinger uptrend channel

  • May probe intraday resistance - ceiling of channel near 1.1230

  • Stiff bounce from Fri test of 200 DMA support encourages bulls

  • Convergence of 20 DMA and 200 DMA near 1.1142 strengthens base

  • Fading fears of US-Iran escalation guide oil and gold prices down












Source:
Refinitiv IFR Research/Market Commentary

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