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Nov 25 - 06:55 AM

EUR/USD - Hits A 12 Week Best But Could Go Much Higher

By Jeremy Boulton  —  Nov 25 - 04:35 AM
  • EUR/USD trades 1.1930 EBS highest since Sep 1/2020 peak at 1.2014

  • Pair since back below 1.1900 but dip likely to be modest

  • Daily cloud 1.1813-1.1766 underpinning recent weakness

  • Hourly cloud and 200-HMA circa 1.1850-60 may be limit of this dip

  • Month-end demand, Dec liquidity, a rally could unfold rapidly nL1N2IB0HC

  • Targets drawn off Nov extremes are 1.1941, 1.2063 and 1.2260




EUR/USD Click here

Source:
Refinitiv IFR Research/Market Commentary

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