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Dec 01 - 04:55 PM

EUR/USD - Dip Buyers Raising Offers After Consolidation Completes

By Christopher Romano  —  Dec 01 - 02:40 PM
  • EUR/USD breaks higher as consolidation of March-Sep rally completes

  • Pair trades to a 31-month high as stops above 1.2000 get triggered

  • Daily, monthly RSI near overbought but are confirming the new high set

  • Bullish momentum remains and rally corrections could be shallow

  • Dip buyers likely raise bids to resistance turned support near 1.2005/15

  • Completion of consolidation suggests 2018 yearly high (1.2556) test possible

  • For more click on FXBUZ





eur/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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