FX Weekly (10 Dec ’17)
Potential for a close above 94.20.
However, further gains expected to give way to consolidation as background studies turn mixed.
Cautious Upgrade to Neutral.
Support remains at 92.50/60.
A close beneath here is needed to confirm continuation of the November bear trend, and open up the 92.00, (76.4%) Fibonacci retracement.
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