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$1.2158 Resistance Under Pressure in Opening Europe

EUR
MNI (London)
  • Stretches up to challenge technical resistance at $1.2158(61.8% $1.2223-1.2054) in opening Europe trade after risk was given a boost by Yellen comments.
  • Market now expecting further risk support from President Biden's inauguration speech later today at 1700GMT.
  • A break of $1.2158/63 to expose $1.2167(38.2% 1.2349-1.2054) ahead of stronger resistance at $1.2178/83.
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com

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