By Jeremy Boulton — Jan 24 - 04:43 AM
• EUR/USD rises to 1.0515 EBS above 1.0480 peak 20-day Bollinger bands
• Target for correction of downtrend is 1.0573
• Stop hunt above 1.05 may well be completed
• Reserve managers may use this opportunity to purchase dollars recently sold
• Still little clarity surrounding U.S. policies which will underpin USD
• It's vital to remember that few traders own dollars
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EURUSD
(Jeremy Boulton is a Reuters market analyst. The views expressed are his own)
Source:
London Stock Exchange Group | Thomson Reuters