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Jan 03 - 11:55 PM

EUR/USD - Bargain Hunting At Familiar Levels, As Range Holds

By Andrew M Spencer  —  Jan 03 - 10:09 PM

  • +0.1% amid modest bargain hunting into the Monday's 0.6% fall

  • OPEC+ expected to deliver planned February oil output increase

  • Omicron appears to have a short lived economic impact nL1N2TJ0CS

  • Charts, 21 day Bolli bands flat line, 5, 10 & 21 day moving averages coil

  • Momentum studies crest - neutral setup suggest further consolidation

  • 1.1245-1.1368 21 day Bollinger bands continue to define the broad range

  • 1.1293 Asian low and Europe's 1.1366 high initial support, resistance

For more click on FXBUZ


eur jan 4 Click here

Source:
Refinitiv IFR Research/Market Commentary

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