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Dec 23 - 08:55 PM

EUR/USD - Unchanged As Consolidation Ahead Of Year-End Continues

By John Noonan  —  Dec 23 - 07:00 PM
  • EUR/USD opens unchanged @ 1.1325 as orders on both sides hem in price action

  • Sellers are tipped ahead of 1.1350 - while bids are eyed around 1.1290

  • Support is at the 21-day MA at 1.1301 and 10-day MA at 1.1295

  • A close below 1.1290 would shift the pressure back to the downside

  • Resistance is at a series of daily highs between 1.1360/90 since Nov 19

  • Consolidation likely to continue as market waits for fresh catalyst

  • For more seeFXBUZZ










Source:
Refinitiv IFR Research/Market Commentary

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