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Jan 06 - 12:12 AM
EUR/USD - Loses Footing, May Test Key Technical Ledge Soon
First appeared on eFXplus on Jan 05 - 10:00 PM
  • EUR/USD stumbled out of uptrend channel on EBS, dipping under 200 DMA

  • Tentative bounce to 1.1165, cued by lower UST yields, may not last

  • Couple of negative risk factors could refresh EUR/USD risk-off

  • Increased odds of Middle East tensions escalating nL1N29B01A

  • China's Caixin services PMI dents RRR boost for stocks nZRN0004N3

  • EUR/USD will look more bearish under 200 DMA 1.1141, 20 DMA 1.1137










Source:
Refinitiv IFR Research/Market Commentary

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