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Jan 05 - 11:55 PM

EUR/USD - Eases After Making Fresh 33-Month High

By John Noonan  —  Jan 05 - 09:55 PM
  • EUR/USD opened 0.38% higher at 1.2298 after USD broadly weakened

  • After a quiet start- it spiked to 1.2328 as stops above 1.2310 wee triggered

  • Move coincided with early report showing Dems leading Georgia Senate races

  • Prospects of a Democrat victory weighed on risk and E-Minis eased 0.45% nL1N2JH04J

  • EUR/USD fell back to 1.2281 and was around 1.2285/90 into the afternoon

  • Elections in Georgia look too close to call and outcome may take days

  • The next resistance in the EUR/USD is at an April 2018 weekly high at 1.2414

  • Support is at the 10-day MA at 1.2241 and the 21-day MA at 1.2203

  • For more click on FXBUZ









Source:
Refinitiv IFR Research/Market Commentary

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