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Feb 01 - 07:55 PM

EUR/USD - Opens At A Fresh Trend High - Awaiting The ECB

By Andrew M Spencer  —  Feb 01 - 06:30 PM

  • Steady after closing up 1.2%, with the USD and UST yield broadly lower

  • 50pt ECB hike to 2.5% fully priced - outlook will be key for the euro

  • Euro zone PMI's suggest factories are over the worst - set to recover

  • Expecting tight range trading in Asia ahead of the ECB rate decision

  • Charts; momentum studies rise, 21 day Bollinger bands head higher

  • 5, 10 & 21 day moving averages climb - positive setup has returned

  • 1.0938 50% of 2021-2022 fall broken - targets 1.1271 61.8% 2021/2022 fall

  • Close below 1.0823 rising 21 DMA, a base this week would end topside bias

For more click on FXBUZ


Source:
Refinitiv IFR Research/Market Commentary

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