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Jan 15 - 11:55 PM

EUR/USD - Dovish ECB Talk And Yen Strength Weighs

By Andrew Spencer  —  Jan 15 - 09:58 PM

• Steady in a tight 1.0285-1.0300 range, capped by EUR/JPY off 0.55%

• Yen strength on the growing belief the BOJ will raise rates next week

• ECB's Centeno - interest rates falling to about 2% - inflation under control

• German final CPI, Italian, and EU trades lead EZ data - US retail sales key

• Charts - neutral daily momentum studies, 21-day Bollinger bands expand

• 5, 10 & 21-DMAs slip, weekly moving averages fall - a modest negative setup

• Wednesday's 1.0354 top then last week's 1.0437 high are initial resistance

• 1.0195 0.618% of 2022/2023 rise then Monday's 1.0177 base are first supports

• Bulls need a close above last week's 1.0437 high to get excited

• 1.0260/70 1.627 BLN and 1.0295/00 1.145 BLN - close strikes for Jan 16th
Andy


(Andrew Spencer is a Reuters market analyst. The views expressed are his own.)

Source:
London Stock Exchange Group | Thomson Reuters

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