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Jan 13 - 03:48 PM
EUR/USD - Dips Get Bought, Longs Extend Friday's Rally
First appeared on eFXplus on Jan 13 - 01:35 PM
  • Pair near 1.1110 in Europe's morning, slide halts, small bounce ensues

  • Tighter DE-US spreads, rallies in euro crosses help the lift nL1N29I0BH

  • Lift quickens, yen sold on risk rally, EUR/JPY nears 122.50, EUR/USD follows

  • US Treasury to remove China as a currency manipulator Click here

  • EUR/USD nears 1.1150, little pull back seen, near day's high late in session

  • Longs' confidence is growing, might overcome bearish factors nL1N29I0JZ

  • Rising RSI, piercing of 21 & 200-DMAs give daily techs a bullish tint







chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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