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Dec 01 - 11:55 PM

EUR/USD - Edges Higher On EUR/JPY Buying As Risk Assets Gain

By John Noonan  —  Dec 01 - 10:17 PM
  • EUR/USD opened -0.15% at 1.1320 after easing during US session

  • It traded to 1.1315 early Asia before steading moving higher

  • EUR/JPY buying helped to underpin and it traded to 1.1339

  • Heading into the afternoon it is steady around 1.1335

  • Resistance is at 21-day MA at 1.1372 and break would suggest bottom in place

  • Support is at the 10-day MA at 1.1278 with bids ahead of 1.1300

  • EUR/USD resilient, but ECB/Fed divergence likely to weigh at some stage

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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