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Nov 25 - 02:55 AM

EUR/USD - Charts Bullish, Spot Could Retest 2020 Peak

By Martin Miller  —  Nov 25 - 02:15 AM
  • A volatile EUR/USD remains propped up by the thick 1.1766-1.1813 cloud

  • Scope is growing for a break above the November 1.1920 high

  • A close above 1.1920 would unmask the 2020 1.2014 peak posted back in August

  • Tenkan and kijun lines are positively aligned, adding to the upside bias

  • Our 1.1910 long met its obj at 1.1910, looking to get long again at 1.1820

  • EUR/USD Trader TGM2334. Previous update nL1N2IA0DP

  • Dollar speculators have room to take market lower nL1N2I90H0

Daily Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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