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Jan 16 - 07:55 PM

EUR/USD - Uptrend In Play, Yen Cross Flows, USD Lead In Asia

By Andrew M Spencer  —  Jan 16 - 06:15 PM

  • Touch softer extending Monday's 0.1% dip, as yen and yuan led the USD higher

  • EZ yields up on upcoming heavy supply, Japan contagion fears nL1N3410LV

  • German wholesale prices came in under forecasts - good news nL8N3410WW

  • Expecting yen cross flows and /or the U.S. dollar to lead in Asia

  • Charts; mixed momentum studies, 21 day Bollinger bands edge north

  • 5, 10 & 21 day moving averages head higher - positive setup

  • Next significant resistance is 1.0938 50% of the 2021-2022 fall

  • European 1.0802 low and Asia's 1.0874 top Monday first support resistance

    For more click on FXBUZ


Source:
Refinitiv IFR Research/Market Commentary

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