By Peter Stoneham — Jan 05 - 01:47 AM
EUR clinging to its bid early Tues but Mon action hinted at demand fade
Long upper candle shadow and loss of momentum noted but RSI on the rise
Underlying up-trend still alive but gain consolidation likely at best
Dble day hi 1.2310 EBS data: longs might consider lightening up on approach
However, 1.2310 breach opens up 30DMA upper Bollinger at 1.2366
Danger level and potential tipping point a way off at 1.2130, Dec 21 low
EUR/USD Trader
EUR/USD daily candle chart: Click here
Source:
Refinitiv IFR Research/Market Commentary