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Dec 15 - 11:55 PM

EUR/USD - Rallies In Asia As USD Eases In Calming Markets

By John Noonan  —  Dec 15 - 09:55 PM

  • EUR/USD opened -0.49% at 1.0631 after volatile trading in wake of ECB nL1N33601N

  • After trading 1.0627 it rallied when Asian equity markets pared early losses

  • Heading into the afternoon it is trading around 1.0655 after touching 1.0662

  • EUR/USD trending higher with the 5, 10 & 21-day MAs in a bullish alignment

  • Support is at the 10-day MA at 1.0569 and break warns of top forming

  • Resistance is at the 61.8 of the 2022 fall at 1.0743

  • A break above 1.0750 would likely see trend higher accelerate

  • For more click on FXBUZ











Source:
Refinitiv IFR Research/Market Commentary

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