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Dec 01 - 04:55 AM

EUR/USD - Chart Outlook Mixed, Bears Need Tuesday's High To Hold

By Martin Miller  —  Dec 01 - 02:41 AM
  • EUR/USD remains at risk from a bear trap set under the 1.1290 Fibo

  • 1.1290 Fibo is a 61.8% of the 1.0636 to 1.2349 (2020 to 2021) rise

  • Negative alignment of the tenkan and kijun lines are bearish

  • Bear trap is set when a market breaks below a tech level but then reverses

  • Tue's 1.1387 peak a barometer for direction, above will signal a bull tilt

  • EUR/USD Trader TGM2334. Previous update nL1N2SL0H1

  • Two signs the dollar's rise might be coming to an end nL1N2SK0KP

Daily Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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