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Jan 05 - 09:55 PM

EUR/USD - Briefly Spikes Above 1.2310 On Stop Loss Buying

By John Noonan  —  Jan 05 - 08:10 PM
  • EUR/USD spiked to 1.2328 after stops were triggered above 1.2310

  • Move coincided with early election results from Georgia showing Dems in lead nW1N2HK049

  • If Democrats win both runoffs, they will effectively have control of Senate

  • EUR/USD has slipped back below 1.2310 - but remains bid above 1.2300

  • The next resistance is round at the April 2018 weekly high at 1.2414

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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