eur

The dollar was mixed in the NY session, although fell to three year lows while being stuck between a rock and a hard place despite the positives of the Senate managing to get a sign off from Trump for a debt extension until Feb 8th whileUS Treasuries rallied as a result. Subsequently, rates fell andthe  enabled a bid in the dollar's counterparts where the euro took full advanteage.

NY opensed near 1.2250, but was taken lower by the EUR/JPY cross that dropped towards 135.20 before the rally came of a wekaer dollar and EUR/JPY slide abated. The end result was a better bid EUR/USD that got  above 1.2306 before a slight fade to cloe the sessison down at 1.2290. From the european shift, olitics in Germany, along woth cheery investors and bullish consumers in the EZ with lower the yields propped up the single currency. From such data, the Eurozone consumer’s sentiment index rose to 1.3 in January and is now eyeing up its all-time record in late 2000. Elsewhere Germany’s ZEW survey came in at an eight-month high.

Monthly RSI biased up while risks in the daily sticks offer but the dip opportunities. The consolidation phase has been choppy and the 30-day Bollinger bands are very wide. The daily RSI is also biased higher a target comes as 1.2350 with 1.2520 on the radar as being the double bottom lows of Sep weekly sticks n 2014. To the downside, 1.2220, 1.2200 and 1.2120/50 guard 1.2080/92.