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Feb 11 - 11:55 PM

EUR/USD - Edges Lower In Holiday Thinned Market

By John Noonan  —  Feb 11 - 10:02 PM
  • EUR/USD opened 0.12% higher at 1.2132 after USD broadly eased

  • After trading at 1.2135 it drifted lower in quiet trading

  • Heading into the afternoon it was at the session low at 1.2119

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

  • A break above 1.2150 target the 62.8 of that move at 1.2197

  • Support comes in at the 21-day MA at 1.2100

  • A break below 1.2100 would suggest upward momentum is waning

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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