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Dec 10 - 03:55 AM

EUR/USD - Top In Place But Reversal Stalling

By Peter Stoneham  —  Dec 10 - 02:10 AM
  • Four day decline from a new 2020 1.2177 high held by 10DMA, 1.2073

  • Long upper and lower candle shadows hint at indecision

  • Minimum retracement off the 1.1602-1.2177 moves at 1.2041 backing the 10DMA

  • Below cloud market cloud twist in the equation, 1.1761-65 Dec 17

  • Harami inside week real body threat adds to bearish risk

  • We bid by 1.2020 but will monitor bears' advantage today










EUR/USD Trader

EUR/USD daily candle chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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