By Andrew M Spencer — Jan 28 - 06:36 PM
Flat - closed +0.1% with an inside day - month end flows significant today
EZ governments must keep spending to avoid fresh recession: ECB nL1N2K329P
ECB says banks key in getting euro zone past Covid crisis nF9N2IJ030
Control of COVID and the vaccine rollout key for 2021 EZ recovery
Charts; 10 & 21 daily moving averages plus momentum studies head lower
Bias lower, 1.2037/63, lower 21 day Bolli, 38.2% Nov-Jan rise big support
Close below 1.2050 would be a bearish signal, above 1.2173 21 DMA bullish
NY 1.2088-1.2142 range is initial support and resistance
For more click on FXBUZ
eur jan 29 Click here
Source:
Refinitiv IFR Research/Market Commentary