By Peter Stoneham — Jan 12 - 02:20 AM
Tight ranges below a 61.8% Fibo with a hint of bullish indecision
The Fibo, off 1.2446-1.1842 drop, is at 1.2215
Resumption of the s/t bull bias above 1.2241, Dec. 19 high
Plenty of support close by with converging 10 and 21DMAs at 1.2080-85
The 200DMA is at 1.20 and daily cloud top at 1.1935
Daily momentum readings just holding above zero and RSI flat to bearish
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Source:
Refinitiv IFR Research/Market Commentary