Euro USD Hints resumption of upmove
The break out on Dec 1st from the July to Nov 2020 range at 1.196 created a strong new support which is also the 50% fib retracement on the Jul 2020 to Jan 2021 upmove. The retracement from 7 Jan 2021 ended at this price support and prices bounced back. Hints possible resumption of the upmove with immediate resistance at 1.2170 (0.236 fib retracement) towards 1.2200 and above.
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