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Feb 10 - 01:55 AM

EUR/USD - In Holding Pattern In Asia After Solid Gains

By John Noonan  —  Feb 09 - 10:07 PM
  • EUR/USD opened 0.56% higher at 1.2117 after USD broadly weakened

  • It retained bid tone in Asia, but range was limited to 1.2109/27

  • Heading into the afternoon it was trading around 1.2125

  • Close above 21-day MA and 38.2 fibo at 1.2100/05 ends the recent down-trend nL4N2KG0BY

  • The 21-day MA @ 1.2102 is now support and break targets 10-day MA at 1.2070

  • Resistance is at the 50% retracement of the 1.2349/1.1952 move at 1.2150

  • Key resistance is at the 61.8 of that mobe at 1.2197

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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