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Jan 12 - 01:55 PM

EUR/USD - Aggressive Dip Buyers Eye Key Fibo, Monthly High

By Christopher Romano  —  Jan 12 - 11:45 AM
  • Wild price swings after US CPI, 1.0730 low hit when buyers emerged

  • Pair struck a 9-month high of 1.0845 on EBS, held most of session gains

  • Break above psychological 1.0800 level likely gives longs added confidence

  • Techs are bullish; RSIs rising & aren't diverging, pair above 10- & 21-DMAs

  • January's monthly bull hammer candle reinforces bullish tech signals

  • Longs now are targeting the 50% Fib 1.2349-0.9528, April 2022 monthly high

  • For more click on FXBUZ






Source:
Refinitiv IFR Research/Market Commentary

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