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Jan 29 - 01:55 AM

EUR/USD - Softer To Start The Week Amid Safe-Haven USD Demand

By Andrew M Spencer  —  Jan 28 - 10:10 PM
  • Off 0.1% with the USD up 0.1%, despite lower UST yields 10yr -3bp 4.131%

  • Safe-haven USD gently bid, as the Middle East conflict deepens

  • Buoyant Asian markets are , Nikkei +0.9%, AsiaxJP stocks +0.4%, AUD +0.2%

  • No significant EU data or ECB/political activity today - risk/USD lead EUR

  • Charts; daily momentum studies slip, 21-day Bollinger bands ease

  • 5, 10 & 21-day moving averages slide - modest negative setup

  • The first significant support is 1.0793 50% of the October/December rise

  • Friday's 1.0813 EU low and Asia's 1.0855 high initial support, resistance

  • 1.0840 400mln and 1.0850 452mln are the close strikes for Jan 29th

For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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