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Dec 02 - 11:55 PM

EUR/USD - Consolidates Gains In Quiet Asian Session

By John Noonan  —  Dec 02 - 10:05 PM
  • EUR/USD opened 0.37% higher @ 1.2117, as USD selling resumed during US session nL1N2II2HU

  • Light profit taking early Asia took it to 1.2104 before bids underpinned

  • Heading into the afternoon it was trading at session high around 1.2120

  • Trend higher conformed by break and close above 76.4 fibo at 1.2102

  • There isn't technical resistance of note ahead of 2018 highs above 1.2500

  • Support is at former resistance at 1.2000/20 where buyers are tipped

  • Trend higher in place while 10-day MA (1.1961) holds

  • For more click on FXBUZ









Source:
Refinitiv IFR Research/Market Commentary

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