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Dec 20 - 07:55 PM

EUR/USD - Opens Higher After EUR Outperformed On The Crosses

By John Noonan  —  Dec 20 - 06:04 PM
  • EUR/USD opens +0.34% after EUR moved higher against risk currencies

  • EUR/USD traded above 1.1300 before closing below resistance at 1.1285/90

  • The 21-day MA comes in at 1.1285 while the 10-day MA is at 1.1290

  • A close above 1.290 would suggest a short-term bottom formed at 1.1220/30

  • Range trading likely to continues as the holiday season approaches

  • Price action over last 24 hours driven mostly by position adjustments

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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