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Pair Runs Up to Multi-Month Highs on Little Volume

EURUSD

With markets still holiday-impacted (more US exchanges begin to close business alongside the London close), EUR/USD's rise today has been on little volume, with futures markets unsurprisingly light given the quiet calendar and absence of the US.

Today's high of 1.1946 is the best level for the pair since early September, and continued strength exposes 1.1988, the 0.764 projection of the Nov 4 - 9 rally from Nov 11 low. 1.20 resistance comes next, following be the 2020 high of 1.2011.

MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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