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Dec 12 - 03:55 AM

EUR/USD - Weekly Doji Points To A Minimum Correction

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

    For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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