By John Noonan — Nov 25 - 10:00 PM
EUR/USD opened 0.16% higher at 1.1913 after USD broadly weakened
It traded in a 1.1913/30 range and was 1.1925 into the afternoon
Interest was light ahead of Thanksgiving holiday in US today
The next level of technical resistance is at the 2020 high at 1.2014
Hourly support has formed at 1.1880/85 with the 10-day MA at 1.1870
A break below 1.1870 would ease the upward pressure
Sentiment bullish with a number of banks calling for sustained USD weakness
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Source:
Refinitiv IFR Research/Market Commentary