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technical analysis

The US markets opened on Friday following the Thanksgiving bank holiday the day before. But trading was subdued as Friday was a short trading session. Investors were concerned about the impact of the US supporting the Hong Kong protests. This is likely to anger China and could become an impediment to the trade talks. All equity indices, from Asia to the US closed in the red.

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Eurozone Flash Inflation Estimates Higher

Flash inflation estimates for November surprised to the upside. Headline CPI rose 1.0%, beating forecasts of a 0.8% increase. It was also higher from October’s 0.7% increase. Core inflation rose to 1.3%, up from 1.1% previously.

Will the EURUSD Breakout Higher?

The currency pair has been consolidating near the psychological level of 1.1000 support over the past week. On a weekly basis, price closed with a Doji at the support. This potentially indicates a move to the upside. The upside resistan...

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