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Dec 02 - 05:55 AM

EUR/USD - Chart There Is Much More Upside, This Market Could Soar

By Martin Miller  —  Dec 02 - 03:45 AM
  • History suggests USD set for a rough December nL1N32R0L2

  • The EUR/USD weekly chart shows this market has much more upside

  • If there is a close at the end of this week above the 1.0512 Fibo = bullish

  • 1.0512 Fibo is a 50% retrace of 1.1495 to 0.9528 (Feb to Sept) EBS drop

  • Fourteen-week momentum remains positive, reinforcing the bullish market

  • We are looking to get long at 1.0465 in anticipation for much bigger gains

  • EUR/USD Trader TGM2334. Previous update nL1N32R0H2

Source:
Refinitiv IFR Research/Market Commentary

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