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Daily Technical Report - 04 December 2017

From files.swissquote.com

• EUR/USD's bullish momentum continues. Hourly resistance is now given at 1.1961 (27/11/2017 high). Hourly support is given at 1.1809 (30/11/2017 low). Expected to show continued increase. • In the longer term, the momentum is now turning largely positive. We favour a continued bullish bias. Key resistance is holding at 1.2252 (25/12/2014 high) while strong support lies at 1.0341 (03/01/2017 low). • GBP/USD has been trading lower over the past few days but the technical structure indicates an extension of bullish momentum. Support is given at a distance at 1.3027 (06/10/2017 low). Expected to show continued increase ... (full story)

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  • Category: Technical Analysis