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Dec 01 - 07:55 PM

EUR/USD - Breaks Above Range As USD Weakens In Risk-On Trade

By John Noonan  —  Dec 01 - 05:50 PM
  • EUR/USD opens 1.25% higher and breaks range to fresh 2020 high

  • EUR strengthened against the USD and JPY as risk assets moved higher nL1N2IH2XE

  • The break above 1.2014 targets the 76.4 fibo of 1.2556/1.0636 move at 1.2102

  • Support is now at former resistance at 1.2005/15 where buyers are tipped

  • EUR/USD trending higher and dips are a buy while 10-day MA (1.1932) holds

  • For more click on FXBUZ









Source:
Refinitiv IFR Research/Market Commentary

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