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Dec 09 - 02:55 AM

EUR/USD - Don't Ignore Twist But Trend Resumption The Risk

By Peter Stoneham  —  Dec 09 - 02:00 AM
  • Positive start and potential to snap a 3-day decline

  • Still respecting a 1.1761-65 Dec 17 cloud twist

  • Bull trend resumption the risk as momentum increases

  • Daily RSI is now bumping along in over bought territory

  • Recent highs, 1.2166-1.2177 provide initial resistance

  • 10DMA pivotal support at 1.2061: Key Fibos behind, 1.2041-1.1957








EUR/USD Trader

EUR/USD daily candle chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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