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Jan 24 - 02:55 AM

EUR/USD - PMI Data Set To Test The Bullish EUR/USD Trend

By Jeremy Boulton  —  Jan 24 - 02:00 AM
  • Jan 23 EUR/USD closed 1.0871 maintaining series rising daily lows

  • 1.0767, 1.0782, 1.0802, 1.0820, 1.0871 between Jan 18-23

  • Jan 24 range 1.0869-1.0689 EBS - Jan peak 1.0927

  • Close over 100-WMA at 1.0884 is next bullish objective

  • Top weekly cloud 1.0930, top 20-day Bollingers 1.0953

  • With traders long nearby techs may limit upside scope

  • German February confidence data at 7GMT f/c -33.0 from -37.8

  • German composite Jan PMI at 8.30GMT f/c 49.6 from 49.0

  • EZ composite Jan PMI at 9GMT f/c 49.8 from 49.3


Source:
Refinitiv IFR Research/Market Commentary

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