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Jan 14 - 03:55 AM

EUR/USD - Rally Stalls In Asia, Risk Of A Pullback Grows

By Jeremy Boulton  —  Jan 14 - 02:25 AM
  • EUR/USD 1.1452-83 EBS in Asia after 1.1436-82 on Jan 13

  • Pair at risk of a pullback after speedy rise stretched upside potential

  • Initial support now at daily Ichimoku cloud top 1.1439

  • Neutral ground lies at centre 20-Day Bollinger bands; 1.1448, 1.1342, 1.1235

  • Base of daily Ichimoku cloud is 1.1352

  • Consolidation of downtrend within range close to 1.12-1.15 remains likely

  • After CPI inspired rise specs will likely build a net long position


EURUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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