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Jan 26 - 05:55 AM

EUR/USD - Should Be Contained 1.2044-1.2190 Ahead Fed

By Jeremy Boulton  —  Jan 26 - 03:40 AM
  • EUR/USD range will likely to be defined by 20-day Bollingers

  • Lower band is 1.2044, mid-point 1.2190 also Jan 22 peak

  • Weight longs suggest range in lower-end of bands likely nL1N2K00C2

  • Those long EUR/USD must be wary of a cloud break nL1N2K10FL

  • Today EUR/USD 1.2108-46 EBS reaching lows shortly after Europe opened

  • Fed meet/decision Jan 27. Lull, some position adj ahead is likely

EUR/USD Click here

Source:
Refinitiv IFR Research/Market Commentary

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