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Jan 08 - 09:48 PM
EUR/USD - Firmer, As The USD Softens, But Strikes Contain
First appeared on eFXplus on Jan 08 - 07:35 PM
  • +0.1%, as the USD softens a touch and US-Iran situation settles nW1N28T002

  • Initial signs are the EU-UK trade talks will not go smoothly nL8N29D3NZ

  • EUR/USD in the middle of the November-December 1.0981-1.1240 range

  • Charts show conflicting 5, 10 & 21 DMAs and negative momentum studies

  • Modest negative bias, close below 1.1080, 61.8% Nov-Dec range bearish

  • NY 1.1101/1.1131 range is initial support-resistance

  • 1.1100-10 1BLN, 1.1115-25 850M, 1.1150 1BLN strikes contain

eur jan 10 Click here

Source:
Refinitiv IFR Research/Market Commentary

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