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Jan 11 - 04:55 AM

EUR/USD - Cloud Continues To Limit The Upside, Expect Losses

By Martin Miller  —  Jan 11 - 02:50 AM
  • EUR/USD likely to eventually drop to the bottom of 1.1186-1.1387 EBS range

  • An initial fall to the 30-day lower bollinger-band, now at 1.1252, likely

  • A simple strategy to protect EUR/USD's downside nL1N2TP0DO

  • Spot has been stuck in the 1.1186-1.1387 range since mid-November 2021

  • Thickening daily cloud, which spans the wide 1.1347-1.1458 region, weighs

  • Those that are bearish should beware fourteen-day momentum is positive

  • Previous EUR/USD update nL1N2TQ0CB. EUR/USD Trader TGM2334

Daily Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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