By Christopher Romano — Dec 03 - 02:35 PM
EUR/USD lifts further above 76.4% Fib 1.2556-1.0636, hits 32-mo high
Monthly RSI implies longer-term bullish momentum remains
Daily doji forms & daily RSI is overbought, imply risk of correction lower
If correction takes hold dip buyers likely get an opportunity to get long
Buyers likely lurk at old resistance turned to support near 1.2000/15
A test of 1.2500/50 zone cannot be ruled out nL1N2IJ1AS
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Source:
Refinitiv IFR Research/Market Commentary