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Mar 13 - 05:55 AM

EUR/USD - Chart Has Scope For Gains Above The 1.1000 Peak

By Martin Miller  —  Mar 13 - 04:15 AM
  • EUR/USD recovery moves from Feb's 1.0695 (EBS) highlights a bullish market

  • It has managed to trade above daily cloud support now between 1.0835-1.0931

  • 14-day momentum remains positive, reinforcing the overall bullish market

  • There is scope for overall gains to test the Jan 11 1.1000 high initially

  • A break above the 1.1000 high will unmask the December 1.1139 peak

  • We are long at 1.0935 for our 1.1135 objective. Trader TGM2334

  • Dollar bears need to overcome huge technical support nL2N3FP2WR

Source:
Refinitiv IFR Research/Market Commentary

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