Euro's Advance Vs. Dollar Points to Increasing Risk of Rebound, Chart Shows -- Market Talk

Dow Jones

Jan 22, 2025

0452 GMT - Euro's recent advance against the dollar points to an increasing risk of a rebound, based on the daily chart, says Quek Ser Leang of UOB's Global Economics & Markets Research in a research report. The currency pair jumped and breached its declining trendline resistance two sessions ago, the markets strategist notes. This strong rise from oversold conditions reduces the likelihood of a fall to 1.000, and instead, implies rising risk of a recovery, the strategist says. If the currency pair breaks and stays above the 55-day exponential moving average, now at 1.0480, this would signal the 1.0176 low might become a more significant bottom than presently expected, the strategist adds. EUR/USD is down 0.1% at 1.0420. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

January 21, 2025 23:52 ET (04:52 GMT)

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(ronnie.harui@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 21, 2025 23:52 ET (04:52 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Euro's Advance Vs. 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Dollar Points to Increasing Risk of Rebound, Chart Shows -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-01-22 12:52</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0452 GMT - Euro's recent advance against the dollar points to an increasing risk of a rebound, based on the daily chart, says Quek Ser Leang of UOB's Global Economics &amp; Markets Research in a research report. The currency pair jumped and breached its declining trendline resistance two sessions ago, the markets strategist notes. This strong rise from oversold conditions reduces the likelihood of a fall to 1.000, and instead, implies rising risk of a recovery, the strategist says. If the currency pair breaks and stays above the 55-day exponential moving average, now at 1.0480, this would signal the 1.0176 low might become a more significant bottom than presently expected, the strategist adds. EUR/USD is down 0.1% at 1.0420. (ronnie.harui@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 21, 2025 23:52 ET (04:52 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"IE0031619046.USD","symbol_name":"LEGG MASON ROYCE US SMALL CAP OPPORTUNITY \"A\" (USD) INC","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2505766118","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2505766118","pubTimestamp":1737521520,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0452 GMT - Euro's recent advance against the dollar points to an increasing risk of a rebound, based on the daily chart, says Quek Ser Leang of UOB's Global Economics & Markets Research in a research report. The currency pair jumped and breached its declining trendline resistance two sessions ago, the markets strategist notes. This strong rise from oversold conditions reduces the likelihood of a fall to 1.000, and instead, implies rising risk of a recovery, the strategist says. If the currency pair breaks and stays above the 55-day exponential moving average, now at 1.0480, this would signal the 1.0176 low might become a more significant bottom than presently expected, the strategist adds. EUR/USD is down 0.1% at 1.0420. 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The currency pair jumped and breached its declining trendline resistance two sessions ago, the markets strategist notes. This strong rise from oversold conditions reduces the likelihood of a fall to 1.000, and instead, implies rising risk of a recovery, the strategist says. If the currency pair breaks and stays above the 55-day exponential moving average, now at 1.0480, this would signal the 1.0176 low might become a more significant bottom than presently expected, the strategist adds. EUR/USD is down 0.1% at 1.0420. (ronnie.harui@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  January 21, 2025 23:52 ET (04:52 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}