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Thomson Reuters
Jan 24 - 08:36 PM
EUR/USD - Bears In Control, Next Stop 1.1270, Strikes Contain
First appeared on eFXplus on Jan 24 - 06:25 PM
  • Downbeat Draghi nL8N1ZO1J3, lower German growth f'cast nS8N1T904A
  • Both factors weighed, causing a sharp 0.7% fall - bears in control
  • 1.1275 401M, 1.1300 1.3BLN, 1.1325 657M & 1.1350-60 1.5BLN strikes contain
  • Neutral momentum studies, 5, 10 & 21 DMAs trend south, a negative setup
  • 1.1270 November and December range low is initial significant support
  • Sustained 1.1270 break would target 1.1216 November and 2018 low

eur jan 25 Click here

Source:
Thomson Reuters IFR Markets

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