Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Jan 04 - 03:55 AM

EUR/USD - Up-Trend Damaged But Still In Place

By Peter Stoneham  —  Jan 04 - 02:20 AM
  • Tuesday's significant range break held at the daily Kijun line, 1.0514

  • Breach of 10 and 21 day moving averages damaged the underlying up-trend

  • Still respect the main trend but Tuesday's 1.0683 high now pivotal

  • Daily momentum readings flipped to negative but struggling to extend

  • Mild corrective action early Wednesday: 21DMA is at 1.0607

  • Signals are not clear so we will stand aside for now

    For more click on FXBUZ


Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2023 eFXdata · All Rights Reserved
!