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Feb 09 - 06:55 AM

EUR/USD - Vaults An Important Point, Expect More

By Jeremy Boulton  —  Feb 09 - 05:10 AM
  • EUR/USD has climbed above 1.2101, centre 20-day Bollinger bands nL1N2KF0HV

  • Today's range 1.2049-1.2116 EBS, last 1.2109

  • Ranges have been in bottom half Bollinger bands since Jan 11

  • Upper-Bollinger capped this year's rise on Jan 6/7

  • Ranges within 1.2101-1.2210 looking likely in wake of today's action

  • Chance EUR/USD reaches 1.25 are greatly improved nL1N2KF0NI

  • Don't let dollar deceive you, yen is falling nL1N2KF0QM

Source:
Refinitiv IFR Research/Market Commentary

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