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Dec 13 - 03:55 AM

EUR/USD - Momentum Turns Positive, But Chart Outlook Mixed

By Martin Miller  —  Dec 13 - 02:15 AM
  • EUR/USD outlook is mixed on daily chart, bears need key level above to hold

  • Last week's 1.1355 peak should act as a barometer for direction

  • 14-day momentum has turned positive on Friday, giving bulls hope

  • That would be the 1st positive since Nov 3, highlighting an upward shift

  • However, the bearish alignment of the tenkan and kijun lines persists

  • EUR/USD Trader TGM2334. Previous update nL1N2SV0BE

Daily Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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