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Dec 10 - 02:55 AM

EUR/USD - Momentum Could Turn Positive For First Time Since Nov 3

By Martin Miller  —  Dec 10 - 02:21 AM
  • EUR/USD outlook is mixed, bears need a key level above to hold

  • 14-day momentum is on course to see a positive reading at the end of Friday

  • That would be the 1st time since Nov 3, would highlight an upward shift

  • However, the bearish alignment of the tenkan and kijun lines persists

  • Last week's 1.1387 peak should act as a barometer for direction

  • Where dollar ends the week could compound its fragility nL1N2SU0F8

  • EUR/USD Trader TGM2334. Previous update nL1N2SU09E

Daily Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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