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