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Jan 03 - 07:24 AM
EUR/USD - Buyers Drawn To 200-DMA Shouldn't Hold If 21-DMA Breaks
First appeared on eFXplus on Jan 03 - 05:05 AM
  • EUR/USD up 1.10665-1.1240 over year-end. Dec 20-31

  • From exact middle of the range to just below peak. A failed breakout

  • EUR/USD down 1.1240-1.1140 in January. 200-DMA 1.1141

  • Those buying here must keep a tight stop, likely utilising 21-DMA 1.1128

  • A 61.8% retracement of the year-end rally is 1.1133

  • 76.4% of that move and target of a break is 1.1107
















EURUSD daily: Click here

Source:
Refinitiv IFR Research/Market Commentary

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