CMS Daily Market Report 21st December 2021

According to the analysis, the price fell 0.42% on Monday and closed in the range of 1790. Currently, considering the price position in the 4-hour chart, long in the Pivot Point range (1789 level) is a low-risk option, and the path to increase the price to the 1802 range is provided.

The pound is currently in an important technically position. Given the price position in the daily chart, buyers’ support is in the range of 1.3185 and the pair has maintained its position above the support line.

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