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Dec 31 - 03:48 AM
EUR/USD - Set For Back To Back Bear Years But Strong Into Close
First appeared on eFXplus on Dec 31 - 02:30 AM
  • EUR trying to buck the monthly bear trend: threatens major resistance

  • Year-end dollar sales helping maintain a EUR/USD bid near 4-mth high

  • USD set for smallest return in six-years as risk remains frothy

  • EUR drawing strength from signs EZ economy is stabilizing nL8N28Q1W5

  • Thin year-end market amplifying some moves but steady going into Europe

  • Option expiries, 1.1185-95 and 1.1150 might anchor price nL1N29502Z

  • EUR/USD major hurdle 1.1254, mthly cloud base: Mon high 1.1221




EUR/USD Daily Chart: Click here

EUR/USD Yearly Candle Chart: Click here

EUR/USD Monthly Ichimoku Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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