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Jan 13 - 11:55 PM

EUR/USD - Rehn - ECB To Keep Cutting Rates - Signals Slide

By Andrew Spencer  —  Jan 13 - 10:02 PM

• Trades off 0.05% at the base of a 1.0241-1.0280 range after early volatility

• Report Trump advisors are mulling gradual tariff hikes saw a late USD dive

• Move was short-lived, but Trump policy uncertainty suggests more volatility

• Rehn - ECB to end policy restriction by midsummer - tariffs cloud outlook

• Charts - daily momentum studies ease, 21-day Bollinger bands slide

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

• Friday's 1.0312 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

• 1.0250 561 mln and 1.0275 620 mln are the close strikes for Jan 14th
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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