By Peter Stoneham — Jan 31 - 07:15 AM
Drop to 1.2308 allows us to bring our short stop down to entry
Need a break under 1.2264, Jan. 24 low to strengthen the s/t bear run
Into month-end and potential for a fourth monthly bull close
Cls above 10-month moving average, 1.2027, could force a change of strategy
Near-term weakness could be presenting better levels to buy
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Source:
Refinitiv IFR Research/Market Commentary