Monday 15th January: Weekly technical outlook and review (US banks closed in observance of Martin Luther King Day)

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EUR/USD:    Weekly gain/loss: +1.39% Weekly closing price: 1.2203 The euro was seen flexing its financial muscle once again last week, gaining over 170 pips. Weekly price crushed weekly resistance at 1.2044 (now acting support) and ended the week closing just ahead of a weekly AB=CD (black arrows) 161.8% Fib ext. point at 1.2222. Extra … Continue reading Monday 15th January: Weekly technical outlook and review (US banks closed in observance of Martin Luther King Day)