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Jan 09 - 07:55 AM

EUR/USD - There's More Room For EUR/USD To Rise But Some Concerns

By Jeremy Boulton  —  Jan 09 - 05:55 AM
  • EUR/USD break above weekly Ichimoku cloud base suggests more gains

  • Cloud peak at 1.0930 is potential target

  • Cloud base 1.0546 and 55-WMA 1.0550 underpin

  • Drop in volatility (single digit vol) suggests quieter period ahead

  • Traders bet EUR/USD rises - quiet may spur profit taking nL1N33U0I8

  • Interest rate divide would favour those selling strength during any lull

  • 100-WMA dropped below 200-WMA in Nov - long-term bear signal


Source:
Refinitiv IFR Research/Market Commentary

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