By Christopher Romano — Jan 08 - 03:37 PM
Correction off the 2021 high deepens, the 10- & 21-DMAs get pierced
Daily RSI is dropping, monthly RSI is close to diverging
A monthly gravestone doji is in place but the month is still young
EUR/USD longs also a bit nervous as support 1.2200 was pierced
Daily signals suggest the correction will deepen further
The longer-term rally is still intact though so that should comfort longs
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Source:
Refinitiv IFR Research/Market Commentary