The Daily Market Watch: EURUSD, US OIL & ASX 200 (29.12.2021)

Euro continues to struggle to move higher as it completes a symmetrical triangle. Down 0.25% for the day it nears a breakout validation that could drive eurodollar to $1.11.

The prices of oil face resistance at the 62% Fibonacci near $76.40 but gained 0.16% intraday regardless as traders wait for a potential head and shoulders pattern to finally play out.

ASX has surged ~1.40 on Wednesday amidst a breakout gap from down below 7447. With 7531 polarity change to support, the index is poised to record all-time highs. Will it?

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