By John Noonan — Jan 04 - 05:52 PM
The EUR/USD topped out at 1.2305/10 for third straight trading day
Pair closed 0.27% higher after chopping in nearly same range as Thursday
Key support at 21-day MA at 1.2193 and break would suggest top in place
Resistance at triple-top at 1.2305/10 where sellers are tipped
Long EUR/USD is the main FX conviction trade for start of 2021
Chances of correction lower increases if volatility spikes
Runoff for the two Georgia Senate seats later today In US a potential risk nL1N2JF2AC
Market not pricing in Democrat sweep that would give them control of Senate
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Source:
Refinitiv IFR Research/Market Commentary