Euro Closed above $1.09 but Follow-Through Buying Limited
Marc Chandler
January 26, 2023
Overview: After
some intraday penetration, the euro finally settled above $1.09 yesterday. However,
follow-through buying has been limited and technical and option-related
resistance is seen in the $1.0940-50 area. The dollar is more broadly mixed
today, with the dollar-bloc and Norwegian krone leading the advancers. The
euro, yen, and sterling ar…
Euro Closed above $1.09 but Follow-Through Buying Limited
Reviewed by Marc Chandler
on
January 26, 2023
Rating:
