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Jan 13 - 04:55 AM

EUR/USD - Rally Looks Stretched, Dip Highly Likely

By Jeremy Boulton  —  Jan 13 - 02:55 AM
  • EUR/USD rises to 1.1466 EBS, highest level since Nov 11

  • Pair rises significantly above peak 20-day Bollinger bands @ 1.1436

  • Such moves are rarely maintained longer than 24/48 hours

  • Big sell-offs (2-4%) followed the last three similar moves

  • Beware a snapback towards centre of bands at 1.1331

  • Picking EUR/USD tops within 1.12-15 may be prudent nL1N2TR0NA

EUR/USD Click here

Source:
Refinitiv IFR Research/Market Commentary

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