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Jan 17 - 07:55 PM

EUR/USD - Firmer, But Pivotal Support In View And Vulnerable

By Andrew M Spencer  —  Jan 17 - 05:48 PM
  • +0.6% - no market moving weekend news, but optimistic U.S. news on COVID-19

  • U.S. health expert Fauci upbeat on new vaccines and rollout nL4N2JS06B

  • Fauci comments are a potential risk positive for Asian markets

  • Austria lockdown extends nL1N2JS083, COVID surges in Portugal nL8N2JS0FA

  • Charts; momentum studies, 5, 10 & 21 DMAs track south - negative setup

  • Key support at 1.2063, 38.2% November-January rise in view

  • Sustained 1.2060 break would be a strong bearish signal

  • NY 1.2074 - 1.2114 range is initial support-resistance

For more click on FXBUZ


eur jan 18 Click here

Source:
Refinitiv IFR Research/Market Commentary

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