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Dec 12 - 09:48 PM
EUR/USD - Cracks Key Top, But Needs A Close Above To Sustain
First appeared on eFXplus on Dec 12 - 08:00 PM
  • EUR/USD barrels above 200 DMA resistance 1.1154 on EBS

  • Positive UK election, US-China trade headline spur risk-on rally

  • But sustainability of the rally depends on close above 1.1154

  • Bollinger uptrend channel will also be reaffirmed; base at 1.1112

  • US-China deal agreed by Trump, tariffs to be cut nL1N28M1JR

  • UK PM Johnson's victory clears the air, paves way for EU trade talks










Source:
Refinitiv IFR Research/Market Commentary

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