Forex analysis | Amega

The Daily Markets Watch: EURUSD, GBPUSD & NZDUSD (09.12.21)

9 December 2021 Amega

Euro’s recovery showed signs of hope yesterday as the major currency gained 0.7% against the dollar ahead of the US CPI data release on Friday. Can bulls recapture the $1.1383 level today, or not?

Pound, on the other hand, lost intraday gains yesterday as Omicron-led lockdowns added pressure on the currency. If bulls fail to hold $1.32, prices might head to $1.3173 support next, and even lower.

Kiwi seems to be following its neighbor’s steps, breaking the $0.68 resistance intraday after a retest of the said. Will the rally last, or will weakness ensue on a swing failure?

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