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Jan 23 - 06:55 AM

EUR/USD - Chart Bearish, But Thick Cloud Limiting Losses

By Martin Miller  —  Jan 23 - 05:00 AM
  • EUR/USD chart bearish as fourteen-day momentum remains negative

  • Set to test 1.0794 Fibo, a 50% retrace of 1.0448-1.1139 (Oct-Dec) EBS rise

  • Bears should beware that the thick cloud, that spans 1.0757-1.0861 region

  • A daily close above the tenkan line, currently at 1.0922, would defer

  • EUR/USD Trader TGM2334. Previous update nL1N3EB0FS

Source:
Refinitiv IFR Research/Market Commentary

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