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Jan 07 - 06:55 AM

EUR/USD - Chart Shows Consolidation Could Resolve To The Downside

By Martin Miller  —  Jan 07 - 04:39 AM
  • Thickening daily cloud, which spans the wide 1.1362-1.1468 region, weighs

  • An eventual drop to the 30-day lower bollinger-band, now at 1.1253, likely

  • The cable fall could then extend to the November 1.1186 low

  • Interim resistance comes in at daily high at 1.1346 (EBS), posted on Wed

  • The market has been consolidating since November, this could extend further

  • Previous EUR/USD update nL1N2TM0LJ. EUR/USD Trader TGM2334

Daily Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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