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Jan 17 - 02:36 AM

EUR/USD - Steady In Asia After Upside Failure Thursday

Published on Jan 16 - 10:05 PM
  • EUR/USD traded in a 1.1135/42 through a very quiet Asian morning

  • Upward momentum waning after EUR/USD was rejected ahead of 1.1180

  • Market couldn't ignore the solid US data and USD broadly rebounded

  • EUR/USD resistance at 61.8 of 1.1240/1.1085 at 1.1181 validated

  • EUR/USD clinging to 1.1135/40 where the 10, 21 & 200-day MAs converge

  • Close below 1.1130 targets resistance formed at 1.1085

  • EZ current account and inflation data is out later today






eur/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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