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Dec 03 - 04:55 PM

EUR/USD - Some Signs Are Correction Could Take Hold

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

  • For more click on FXBUZ







eur/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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