By Peter Stoneham — Dec 12 - 02:30 AM
Steadier price action and this week's range might already be set
A 1.0444 base and 1.0595 top, recent extremes
Early Monday indications suggest the range base could be tested
Initial support at 1.0488, 10DMA line
A minimum correction off the 0.9730-1.0595 climb is at 1.0391
Weeklies look bearish after last week's long legged Doji
We lean bearish but currently see limited scope
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Source:
Refinitiv IFR Research/Market Commentary