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Weekly Technical Forecast: EURUSD and Equities Held Off Critical Breaks in November, Will they Manage the Same in December?
November has come to a close and many benchmark assets have ended the period staving off critical technical breaks. The Dow held an increasingly overt 2018 support now around 24,000 while EURUSD has maintained 1.1200 as a floor. Will this restriction on progress – both the critical break and the commanding reversal – continue into December?
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Just as breakouts had failed to take traction the week before, reversals from global equities, the Greenback and commodities this past week would not draw clear commitment from the markets. With volatility set to rise, can the markets continue to refuse a course of direction?�
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05-13-2019, 03:49 AM -