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Dec 29 - 07:55 PM

EUR/USD - Opens Higher And Completes Bullish Outside Day

By John Noonan  —  Dec 29 - 06:09 PM
  • EUR/USD opens +0.18% after USD broadly weakened on month-end flows

  • It completed a bullish outside day - which shifts short-term bias higher

  • Resistance is at the 38.2 of the 1.1692/1.186 move at 1.1379

  • More resistance @ Nov 30 trend high at 1.1386 and break adds to bullish bias

  • Support @ 10-day MA @ 1.1310; 21-day MA @ 1.1304 and yesterday's 1.1274 low

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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