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Dec 27 - 02:36 PM
EUR/USD - Near Key MA Breakouts At End Of Final Full Week Of 2019
First appeared on eFXplus on Dec 27 - 12:30 PM
  • EUR/USD looks set to close well above its 200-DMA at 1.1143

  • It's close to the 50-WMA at 1.1184 nL1N2910BG & 1.12 Dec peak

  • Spec shorts being squeezed out after MA supports held this week

  • The 61.8% Fibo of the June-October drop is at 1.1208

  • The 76.4% at 1.1286 has mid-July range tops reinforcing it

  • Weekly cloud @1.1284/460 looms if hurdles by 1.1200 are cleared

Chart: Click here

Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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