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Jan 16 - 02:36 AM
EUR/USD - Tight Consolidation After Wednesday's Gains
First appeared on eFXplus on Jan 15 - 10:05 PM
  • EUR/USD consolidated between 1.1150/58 after solid gains on Wednesday

  • Pair is poised to grind higher after closing above 1.1140

  • The 10, 21 & 200-MAs come in at 1.1135/40 and are now support

  • First objective of current move is the 61.8 of 1.1240/1.1085 at 1.1181

  • A break below 1.1130 eases the upward pressure and augers more range trading

  • US retail sales the next event later today, as Fed expectations in focus nL4N29L03A






eur/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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