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25 Nov 2022

EUR/USD: Weekly close above 200DMA at 1.0380 to reinforce bullish momentum – Scotiabank

EUR/USD consolidates above the 200-Day Moving Average (DMA) at 1.0380. A weekly close above here would add bullish potential, economists at Scotiabank report.

EUR to remain well-supported on modest dips

“Intraday trading patterns show the EUR edging towards a test of the Nov uptrend at 1.0380, a break below which may undercut some of the positive sentiment that has developed around the EUR over the past few weeks.” 

“We look for the EUR to remain well-supported on modest dips.”

“A weekly close above the 200DMA (1.0380) will add to the EUR’s bullish momentum.”

 

Nov 25, 2022

USD/CAD sticks to gains around mid-1.3300s, upside remains capped amid rising oil prices

The USD/CAD pair attracts some buying near the 1.3315-1.3320 region and stages a modest recovery from a fresh weekly low touched earlier this Friday.
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Nov 25, 2022

GBP/USD corrects back closer to mid-1.2000s amid modest USD recovery

The GBP/USD pair edges lower on Friday and moves away from its highest level since August 12, around the 1.2150-1.2155 region touched on Thursday. The
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