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Jan 31 - 07:55 PM

EUR/USD - Touch Softer, As USD Firms On Soured Risk Appetite

By Andrew M Spencer  —  Jan 31 - 05:48 PM
  • Touch softer with a firmer USD, as risk appetite remains subdued

  • EUR in a holding pattern last week, which looks set to extend

  • ECB's Schnabel - rate hike in current circumstances devastating nL8N2K608M

  • Economic recovery from changing COVID-19 likely months away nL1N2K21Y3

  • Charts; neutral momentum studies, 5, 10 & 21 daily moving averages

  • 1.2035/63, lower 21 day Bolli, 38.2% Nov-Jan rise are pivotal support

  • Close below 1.2050 would be a bearish signal, above 1.2170 21 DMA bullish

  • London 1.2097 low and NY 1.2156 high initial support and resistance

    For more click on FXBUZ

eur feb 1 Click here

Source:
Refinitiv IFR Research/Market Commentary

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