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Holding Onto Gains And Remains Bullish

  • RES 4: 1.2084 High May 1. 2018
  • RES 3: 1.2011/25 High Sep 1 / 3% Upper Bollinger Band
  • RES 2: 1.1988 0.764 proj of Nov 4 - 9 rally from Nov 11 low
  • RES 1: 1.1941 High Nov 26
  • PRICE: 1.1925 @ 05:46 GMT Nov 27
  • SUP 1: 1.1882 Low Nov 25
  • SUP 2: 1.1800 Low Nov 23
  • SUP 3: 1.1746 Low Nov 11 and key near-term support
  • SUP 4: 1.1711 Low Nov 5

EURUSD is holding onto recent gains and maintains a firmer posture following this week's climb off Monday's 1.1800 low. The pair has probed key resistance at 1.1920, Nov 9 high. A clear breach of 1.1920 would reinforce current bullish conditions and expose the 1.2000 handle ahead of 1.2011, this year's high print on Sep 1. The key support remains 1.1746, Nov 11 low. A break would reverse the trend direction and expose 1.1711. Initial firm support lies at 1.1800.

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