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Dec 01 - 03:55 AM

EUR/USD - Dips Likely To Be Contained By Rising Tenkan Support

By Martin Miller  —  Dec 01 - 02:30 AM
  • There was a large upper shadow on Monday, a stark warning sign to bulls

  • Nevertheless EUR/USD's has scope for a break above 2020 1.2014 peak

  • That 2020 1.2014 peak was posted back in September

  • Positive alignment of tenkan and kijun lines adds to underlying upside bias

  • We are looking to get long on dips to 1.1910, above rising tenkan line

  • The tenkan line has been supportive in recent sessions

  • EUR/USD Trader TGM2334. Previous update nL1N2IG1E8

Daily Ichimoku Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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