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Jan 12 - 04:55 AM

EUR/USD - Chart Points To A Drop To Bottom Of 1.1186-1.1387 Range

By Martin Miller  —  Jan 12 - 03:00 AM
  • Expect EUR/USD to perform a drop to the bottom of 1.1186-1.1387 EBS range

  • After an initial drop towards 30-day lower bollinger-band, now at 1.1249

  • The currency pair has been stuck in a 1.1186-1.1387 range since mid-November

  • Thickening daily cloud, which spans the wide 1.1349-1.1445 region

  • The daily cloud is keeping the overall bias on the downside

  • Previous EUR/USD update nL1N2TR0GZ. EUR/USD Trader TGM2334

Daily Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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