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Jan 25 - 03:55 AM

EUR/USD - Rally Goes From Strength To Strength

By Jeremy Boulton  —  Jan 25 - 02:10 AM
  • EUR/USD under heavy pressure within 1.0898-35 on Jan 24 but closed bullishly

  • Pair closed 1.0888 and maintained recent series of rising daily lows

  • 1.0767, 1.0782, 1.0802, 1.0820, 1.0835 - Jan 25 range 1.0881-1.0911

  • Although signs of profit taking evident - so far little restraint on rally

  • Rising 20-day Bollingers have opened more topside scope towards 1.0970

  • Close over big levels now possible - 1.0930 top weekly Ichimoku cloud

  • 1.0901 is 50% May 2021-Sep 2022 drop 1.0930 - drop influenced by Fed



Source:
Refinitiv IFR Research/Market Commentary

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