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Closing In On 1.1920

EURUSD TECHS
  • RES 4: 1.2084 High May 1. 2018
  • RES 3: 1.2011 High Sep 1 and 3% Upper Bollinger Band
  • RES 2: 1.1920 High Nov 9 and the bull trigger
  • RES 1: 1.1910 Intraday high
  • PRICE: 1.1903 @ 05:49 GMT Nov 25
  • SUP 1: 1.1800 Low Nov 23
  • SUP 2: 1.1746 Low Nov 11 and key near-term support
  • SUP 3: 1.1711 Low Nov 5
  • SUP 4: 1.1678 76.4% retracement of the Nov 4 - 9 rally

EURUSD has recovered off Monday's volatile low of 1.1800 and is currently closing in on 1.1920, Nov 9 high. Monday's price action reinforces the importance of this bull trigger at 1.1920. A breach would expose the 1.2000 handle once again ahead of 1.2011, this year's high print on Sep 1. The key support remains 1.1746, Nov 11 low. A break would instead reverse the trend direction and expose 1.1711 initially. Initial support lies at 1.1800.

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