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Jan 10 - 02:36 PM
EUR/USD - Data Induces Short-Term Bullish Signs
First appeared on eFXplus on Jan 10 - 12:45 PM
  • US Dec. jobs result weighs down US$ & UST yields, DXY falls .DXY

  • Data has EUR/USD signaling upside risk nL1N29F0E7nL1N29F0M7

  • 55-DMA pierced & 11-day low set earlier but data induces a rally

  • Bull hammer forms, RSI diverges & the January 9 high breaks

  • Daily technicals are highlighting upside risks for EUR/USD

  • 21- & 200-DMAs are hurdles as are 10-DMA & Jan 8 high

  • Test of 1.1195/1.1205 zone or December's high now seem possible







chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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