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Jan 04 - 04:55 PM

EUR/USD - Dip Buyers Might Get A Chance After December High Holds

By Christopher Romano  —  Jan 04 - 02:47 PM
  • EUR/USD rallies to match the Dec. 20-20 monthly high but then slides

  • Daily RSI doesn't confirm today's high, daily inverted hammer forms

  • Daily signals suggests a corrective pull back could be due

  • The l-t bull trend is intact & monthly techs highlight upside risks

  • Dip buyers looking for the rally to resume likely lurk at lower levels

  • 1.2130/60, 1.2040/60 zones likely have dip buyers waiting to pounce

  • For more click on FXBUZ






eur/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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