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Dec 17 - 04:55 AM

EUR/USD - Chart Very Bullish, On Course To Break 1.2290 High

By Martin Miller  —  Dec 17 - 02:35 AM
  • EUR/USD bulls are pushing market higher, likelihood grows for bigger gains

  • Market towards to 1.2290 April 23 2018 high

  • Tenkan and kijun lines are increasingly bullish aligned = positive potential

  • EUR/USD is on course to register a month-end close above major 1.2103 Fibo

  • 1.2103 Fibo is a retrace of the 1.2556 to 1.0636 (2018 to 2020) drop

  • EUR/USD Trader TGM2334. Euro demand could grow in New Year nL1N2IV0X9

Monthly Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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