Eur/usd

[عماد]

1.22 area was not sufficiently strong to hold back the EUR/USD. The 1.2200 area is now solid support and while an early Europe setback stabilizes above, the short-term could extend further up. On the other hand some shorter-term technicals send now toppish signs and seem to contradict significantly further gains in intraday. Actually minor resistances between 1.2265 and 1.2290 could be strong enough to provoke a setback to 1.2160 later in the day. The broader picture still shows a large, lateral consolidation pattern with approximate boundaries around 1.24 and 1.20.


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