By Peter Stoneham — Jan 11 - 02:35 AM
Change to Fibo end point
Price continues to stall ahead of a 61.8% Fibo level at 1.2215
The level taken off the 1.2446-1.1842 drop
Daily momentum readings are positive but RSI flat lining
Initial support comes in at 1.2100, the 21-DMA line
Falling 200-DMA and cloud top key supports, 1.2006 and 1.1935 respectively
We see downside risk while below 1.2215
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary