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Refinitiv
Dec 26 - 11:00 PM
EUR/USD - Buoyant As Asia Stocks Bask In Christmas Rally
First appeared on eFXplus on Dec 26 - 09:35 PM
  • EUR/USD rises to 1.1113 from 1.1096, back above 20 DMA resistance

  • Bulls eye 1.1120 entrance of Bollinger uptrend channel

  • Closing inside channel increases odds of 200 DMA being tested again

  • Previous failures to break 200 DMA resulted in big washout

  • Generally risk-positive mood in Asia stocks after Wall St records

  • Japan's Nov factory output fell less than expected nT9N27L02N











Source:
Refinitiv IFR Research/Market Commentary

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