Forex: EUR/USD keeps the momenutum, eyes on 1.2900
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EUR/USD
FXstreet.com (Barcelona) - The bloc currency remains buoyant on Friday, inching higher overnight, and closer to the 1.2900 figure, ahead of the German Q3 GDP figures and IFO index.
Risk appetite continues to dominate the scenario, against the backdrop of the EU Summit and reduced activity in the US markets.
As of writing the cross is advancing 0.04% at 12891 with the next resistance at1.2909 (MA55d) followed by 1.2950 (high Nov.2) and then 1.2983 (high Nov.1).
On the opposite direction, a drop below 1.2827 (MA21d) would allow 1.2730 (low Nov.19) and then 1.2691 (low Nov.16).
Risk appetite continues to dominate the scenario, against the backdrop of the EU Summit and reduced activity in the US markets.
As of writing the cross is advancing 0.04% at 12891 with the next resistance at1.2909 (MA55d) followed by 1.2950 (high Nov.2) and then 1.2983 (high Nov.1).
On the opposite direction, a drop below 1.2827 (MA21d) would allow 1.2730 (low Nov.19) and then 1.2691 (low Nov.16).
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