By Martin Miller — Dec 02 - 02:50 AM
EUR/USD registered the 2nd biggest daily gain of 2020 on Tuesday
Tuesday saw a 142 pip gain according to prices on the EBS
Bulls are now focused on the 1.2103 long-term Fibonacci level
1.2103 Fibo is a 76.4% retrace of the 1.2556 to 1.0636 (2018 to 2020) drop
Fourteen-week momentum remains positive, for weeks in a row = bullish
EUR/USD Trader TGM2334. Previous update nL1N2IH0DY
History suggests dollar could have a rough December nL1N2IH0I9
Weekly Chart: Click here
Source:
Refinitiv IFR Research/Market Commentary