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Jan 11 - 04:55 AM

EUR/USD - Deeper EUR/USD Correction Could Reach 1.2064

By Jeremy Boulton  —  Jan 11 - 02:42 AM
  • EUR/USD longs under pressure with series three lower daily lows

  • Friday Jan 8 pair closed 1.2193. Today's lowest 1.2167 EBS

  • Pair has returned to mid-point 30-day Bollinger Bands at 1.2183

  • 20-day Lower Bollinger at 1.2127. Dec 21 low 1.2130, Dec 9 low 1.2058

  • Minimum objective tech correction of rise from 1.1602 is 1.2064

  • Longs grew modestly in week to Jan 5, but are large circa 22 billion dollars



EUR/USD Click here

Source:
Refinitiv IFR Research/Market Commentary

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