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Nov 25 - 07:55 PM

EUR/USD - Opens Higher As USD Remains Under Pressure

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

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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