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Dec 06 - 04:55 PM

EUR/USD - Shorts Hold On As Signs Remain Encouraging

By Christopher Romano  —  Dec 06 - 02:48 PM
  • EUR/USD dips below the 10-DMA, 61.8% Fib of the 1.0636-1.2349 rally

  • Falling daily & monthly RSIs imply downside momentum is on place

  • Pair also in consolidation of losses from the l-t down trend

  • US Nov CPI due Friday Dec 10, could have a big impact on EUR/USD

  • An above estimate result could drive US$, US interest rates higher

  • For more click on FXBUZ



eurusd Click here

Source:
Refinitiv IFR Research/Market Commentary

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