By Andrew M Spencer — Jan 31 - 07:11 PM
-0.25%, as risk appetite sours in Asia - E-mini S&P -0.75%, silver up 6%
Retail investor activity expands into metals nL8N2K60NR - FX too liquid?
Techs; momentum studies slip, 5, 10 & 21 DMAs crest - negative setup
21 day Bollinger bands are expanding, leaving room for a move lower
Chart suggests a move towards 0.7502, 38.2% Nov-Jan rise is viable next week
Close above 0.7720 21 daily moving average would end the downside bias
Asian 0.7606 - 0.7637 range is initial support and resistance
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Source:
Refinitiv IFR Research/Market Commentary