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
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Source:
Refinitiv IFR Research/Market Commentary