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Jan 29 - 07:55 PM

EUR/USD - Upcoming Data Pivotal For The Timing Of ECB Cuts

By Andrew M Spencer  —  Jan 29 - 06:15 PM
  • Steady after closing down 0.15% with the USD little changed

  • Markets fully price an ECB April cut - policymakers less certain

  • Upcoming data will be key for the timing of ECB rate cuts

  • Charts; daily momentum studies slip, 21-day Bollinger bands ease

  • 5, 10 & 21-day moving averages slide - daily charts show a negative setup

  • The first significant support is 1.0793 50% of the October/December rise

  • NY 1.0795 low and Europe's early 1.0849 high is initial support, resistance

  • 1.0815/25 1.058 BLN and 1.0865/75 989mln are the close strikes for Jan 30th

    For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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