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Jan 18 - 04:55 PM

EUR/USD - At A Big Level But U.S Holiday Suppresses Activity

By Jeremy Boulton  —  Jan 18 - 10:34 AM
  • Martin Luther King Day quells interest EUR/USD 1.2054-90 EBS

  • Pair has met minimum objective to correct Nov-Jan 1.1602-1.2349 rise

  • 38.2% Nov-Jan rise is 1.2064

  • Low is close 55-DMA at 1.2051. 30-Day Lower Bollinger 1.2052

  • Longs are growing but still much reduced from bets held Aug 2020 IMM/FX

  • Dollar has based but may soon resume its decline nL1N2JT0JQ



USDMXN Click here

Source:
Refinitiv IFR Research/Market Commentary

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