A wave of risk aversion sweeps across global financial markets and the anti-risk dollar benefited.
The U.S. dollar rose versus the euro and British pound and the GBP/USD tested, as expected, the support area around 1.3460 before a reversal followed. We anticipate the cable to remain within a trading range between 1.36 and 1.3440 in short-term time frames.
The EUR/USD traded lower and we believe that the pair could test the 1.21-support area before bullish momentum increases. A current resistance is seen at 1.2210.
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Long @ 1.2190
Short @ 1.2130
Long @ 1.3570
Short @ 1.3490
Long @ 14010
Short @ 13930
December 2020: +318 pips
November 2020: +75 pips
October 2020: +432 pips
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