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Decision Time for EURUSD

December 28, 2020
in ANALYSIS, DAILY UPDATES, Forex, Home, MARKETS, Technical Analysis
Reading Time: 1min read
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EURUSD Graphic is showing Hourly Chart of December, 2020.
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EURUSD | Hourly Chart
EURUSD | Hourly Chart

EURUSD is testing the yellow trend line which has started from December’s top. Brexit deal and Trump’s signing of the stimulus package is weakening the dollar. If the price can break the 1.2238 resistance, a 1.2275 move may become imminent.

For downward moves. 1.2210 horizontal line can be the first important support. 

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    The ideas and the information shown here have no responsibility of any of the trading decisions made by the investors or the visitors of this site. Therefore, under no circumstances will FTD Limited nor FTD Articles be held responsible or liable in any way for any claims, damages, losses, costs or liabilities resulting or arising directly or indirectly from the use of website content. We recommend that you seek advice if you have not involved with trading before in order to prevent potential risks that may arise.

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