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Dec 9, 2019 8:01 AM

EURUSD Dec 09 Long

Euro Fx/U.S. DollarFXCM

Description

Despite Friday's initial firmness, failure to re-test Wed's 4-week high of 1.1115 and intra-day selloff from 1.1109 (Europe) to as low as 1.1041 after robust U.S. jobs data suggests early upmove from Nov's 6-week bottom at 1.0982 has made a top there and consolidation with downside bias is seen for a strong retracement of said rise, near term oversold condition would keep price above 1.1004.
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