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Jan 13 - 07:55 PM

EUR/USD - Vulnerable While Resistance At 21-Day MA Holds

By John Noonan  —  Jan 13 - 06:25 PM
  • EUR/USD opens 0.40% lower despite easing US yields nL1N2JO39EnL1N2JO2AF

  • The key 21-day MA (1.2226) continues to cap attempts to push it higher

  • Support formed at 1.2130/40 with break targeting 38.2 fibo at 1.2063

  • The inability of EUR/USD to rally when US yields eased a concern for longs

  • EUR/USD vulnerable for deeper correction while 21-day MA holds

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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