By John Noonan — Nov 25 - 05:55 PM
EUR/USD traded to a 3-month high at 1.1930 before closing up 0.16% at 1.1913
USD broadly weakened after soft US data and dip in US yields nL1N2IB2DDnL1N2IB22K
Positions adjustments ahead of Thanksgiving also weighed on the USD
There isn't any resistance of note ahead of 2020 high at 1.2014
Support is found at the 10-day MA at 1.1869 and break eases upward pressure
Sentiment is bullish but holiday thinned markets could dampen price action
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Source:
Refinitiv IFR Research/Market Commentary