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Alert - 17:10 (CET) - EurUsd
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As the breathe of fresh air in the stocks has stopped, the crude and the euro both stabilized in levels above yesterday's close. After clearly breaking the resistance at 1.4150 against the Dollar at 07:00 (CET) in the Asian session, the Euro was able to keep over 1.4200 during the European session.
The EurUsd is trading at 1.4235, ranging between 1.4053 and 1.4364, more than 200 pipsover yesterday's close at 1.4029. Checking the hourly graphics, the 20- and 50-day Exponential Mobile Averages (EMA) are over the 200-day EMA.
After breaking the resistance at 1.4150, the traders are now watching 1.4310 (December 19th high) and 1.4719 (December 18th high). The supports are set at 1.3630 (December 16th low), 1.3251 (December 12th low) and 1.3000 (key).
Meanwhile, the 60-minute Relative Strenght Index (RSI) is at 56 points, rebounding from the overbought area. The average volatility per hour is 390 pips. Checking the daily graphics, we see that the current price is over the 38.20% (1.3920) and under the 23.60% (1.4710) Fibonacci retracement lines.
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