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Jan 16 - 09:48 PM

EUR/USD - Strikes Contain, 1.1181 Shapes Up As Key Resistance

Published on Jan 16 - 07:35 PM
  • Flat after closing off 0.1%, amid modest USD strength & firmer UST yields

  • EU's trade commissioner Hogan - US trade talks start well nL1N29L20O

  • At familiar levels, as 5, 10 and 21 DMAs coil and momentum studies conflict

  • Little short term bias suggests range trading, rather than a trending market

  • 1.1080/85 2020 low and 61.8% of the Nov-Dec bounce is pivotal support

  • 1.1181, 61.8% Dec-Jan fall key resistance, break target 1.1240 Dec high

  • 1.1090-1.1100 2BLN, 1.1120-25 1.6BLN, 1.1150/65 2.2BLN strikes contain

eur jan 17 Click here

Source:
Refinitiv IFR Research/Market Commentary

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