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Thomson Reuters
Dec 28 - 08:36 AM
EUR/USD - Weeklies Steering A Course For A Quarterly Reversal
First appeared on eFXplus on Dec 28 - 06:10 AM
  • Looking at three-bear quarters out of four in 2018 but reversal risk noted
  • Weekly chart offering the best bull picture: consecutive bull closes
  • Mkt needs to close above 21WMA, 1.1472, to maintain bull momentum into Jan
  • Average breached last week at 1.1478 but close came in at 1.1374 EBS data
  • Q4 hammer candle fits with Jan bull call but would need Q1 confirmation
  • 100WMA provides a target, currently 1.1598, 30WMA just ahead at 1.1516

EUR/USD Weekly Candle Chart: Click here

Source:
Thomson Reuters IFR Markets

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