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Dec 15 - 02:55 AM

EUR/USD - Any EUR/USD Setback Should Be Limited By A Key Tech Level

By Martin Miller  —  Dec 15 - 02:30 AM
  • EUR/USD rose to hit 1.0695, on Wednesday, ahead of the latest correction

  • Any setback will likely be limited by the daily tenkan line at 1.0569

  • Tenkan and kijun lines are positively aligned, reinforcing the bull market

  • A break and close under tenkan line will shift the bias to the downside

  • EUR/USD Trader TGM2334. Previous update nL1N3340E1

  • Dollar is in bad shape nL1N3340H6

Source:
Refinitiv IFR Research/Market Commentary

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