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Jan 27 - 08:36 PM

EUR/USD - Fibo Is Magnetic As Risk Sentiment Sinks

By Christopher Romano  —  Jan 27 - 01:35 PM
  • Tight range in NY trade, pair trades only slightly lower on day

  • Safe haven flows sink EUR/JPY,EUR/CHF but DE-US spreads tighten nL1N29W0DD

  • EUR/USD inches lower, dips below 61.8 Fib 1.0879-1.1240, sits nearby late

  • Long upper wick on daily candle, falling RSIs show techs are bearish

  • EUR/USD shorts need to overcome Dec, Nov monthly lows for test of 2019's low

  • EUR/USD longs face risks that could pressure the pair lower nL1N29W0KP







chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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