By John Noonan — Dec 21 - 05:55 PM
EUR/USD opens -0.17% as it struggles to find a sustained direction
It is hugging the10-day MA, which comes in at 1.0604 today
Support is at 21-day MA at 1.0524 and break would increase downward pressure
Offers between 1.0650/65 capping rallies and stalling upward momentum
Resistance is at the 61.8 of the 2022 fall at 1.0743
Range trading likely to continue in Asia as market thins out ahead of holidays
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Source:
Refinitiv IFR Research/Market Commentary