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Jan 06 - 07:55 AM

EUR/USD - Weighed Down By Thickening Daily Cloud

By Martin Miller  —  Jan 06 - 06:02 AM
  • The overall bias for EUR/USD is on the downside, expect losses eventually

  • Thickening daily cloud, which spans the wide 1.1363-1.1471 region, weighs

  • An eventual drop towards the 30-day lower bolli-band, now at 1.1254, likely

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

  • The market has been consolidating since November. EUR/USD Trader TGM2334










Daily Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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