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Jan 15 - 05:00 AM
EUR/USD - A Bullish EUR/USD Picture Continues To Evolve
First appeared on eFXplus on Jan 15 - 02:50 AM
  • This year pair has consistently traded over the centre of the current range

  • 1.1065 is the middle of the range. Jan EUR/USD 1.1085-1.1240

  • The year-end rally Dec 20-31 began from centre of the range 1.1066

  • Longer-term picture will encourage EUR/USD short covering

  • Series rising monthly lows Oct 1.0879, Nov 1.0981, Dec 1.1003, Jan 1.1085

  • Resistance of monthly Ichi cloud is rising too, opens scope for bigger gain

  • Watch the 21-MMA at 1.1316 it's likely to play a key pivotal role















EURUSD: Click here

Source:
Refinitiv IFR Research/Market Commentary

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