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Jan 07 - 04:55 AM

EUR/USD - Vital Points For EUR/USD Traders To Consider

By Jeremy Boulton  —  Jan 07 - 02:49 AM
  • Yesterday's 1.2349 high indicative of successful defence of a 1.2350 barrier

  • EUR/USD rally ran out of steam just above the 20-day Upper-Bollinger

  • These are signs that longs are having a bigger influence (greater drag)

  • Today 20-day Upper-Bollinger is 1.2346. More widely watched 30-day is 1.2377

  • Rebound after 1.2349 peak came from 1.2266 low. Lower-Bol on an hourly chart

  • 200-HMA was 1.2251 yesterday and has risen to 1.2261 today

  • Stops highly likely below 1.2260, or if the 1.2350 barrier is knocked out

  • From now on barriers at round numbers will likely to be stiffly defended




EUR/USD daily Click here

EUR/USD Click here

Source:
Refinitiv IFR Research/Market Commentary

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