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Dec 08 - 01:55 PM

EUR/USD - Dip Buyers Prevail, 1.0600 And Above Now In Focus

By Christopher Romano  —  Dec 08 - 11:50 AM
  • EUR/USD fall from the Dec. 5 daily high stalled near the 10-DMA

  • Dip buyers emerged Dec. 7 & again Dec. 8, pair now hit 3-session high

  • EUR/USD back above 50% Fib 1.1495-0.9528 while daily, monthly RSIs rise

  • Psychological 1.0600 in focus as are June 27 & 10 highs (1.0615, 1.0642)

  • Stops likely reside above the June 10 high, if run 1.0775/00 is in play

  • For more click on FXBUZ












Source:
Refinitiv IFR Research/Market Commentary

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