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Feb 10 - 10:55 PM

EUR/USD - Consolidates Around 1.2120 In Holiday Market

By John Noonan  —  Feb 10 - 09:38 PM
  • EUR/USD opened unchanged at 1.2119 and traded 1.2113/20

  • It was unchanged at 1.2119 heading into the afternoon session

  • Tokyo holiday and start of LNY resulted in light volumes

  • Support is at the 21-day MA @ 1.2100 with break targeting 10-day MA @ 1.1970

  • Resistance is at the 50% retracement of the 1.2349/1.1952 move at 1.2050

  • Bias is for higher after Powell's dovish comments yesterday nL1N2KG2IN

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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