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Jan 29 - 02:55 AM

EUR/USD - Chart Looks Ripe For Gains

By Martin Miller  —  Jan 29 - 02:26 AM
  • Dollar medium-term outlook fragile into month-end nL1N2K311Z

  • EUR/USD scope grows for gains to retest the 1.2202 Fibo

  • 1.2202 Fibo is a 50% retrace of the 1.2349 to 1.2054 January fall

  • Bulls remain supported by thickening daily cloud support

  • The daily cloud currently spans the 1.1938-1.2114 region

  • We are long at 1.2120 for gains to 1.2260 obj, stop under Jan's 1.2054 low

  • EUR/USD Trader TGM2334. Previous update nL1N2K30LN

Daily Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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