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Nov 24 - 02:55 AM

EUR/USD - Now Trading Well Above 200-DMA, Scope For Bigger Gains

By Martin Miller  —  Nov 24 - 02:15 AM
  • EUR/USD is now trading well above the 200-DMA, now at 1.0393

  • A close above the 200-DMA on Thursday will increase the upside bias

  • There is scope for gains to continue through last week's 1.0481 (EBS) peak

  • A "bear trap" appeared on the daily chart recently = a bullish signal

  • Market failed under 1.0256 Fibo, 23.6% of 0.9528-1.0481 (Sept-Nov) rise

  • EUR/USD Trader TGM2334. Previous update nL1N32J0EY

Source:
Refinitiv IFR Research/Market Commentary

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