CMS Daily Market Report 8th December 2021

The euro fell to 1.12274 on Tuesday, but with the support of buyers in this range, it closed at 1.12686 at the end of the day. Considering the price position in the 4-hour chart, the price is currently above the short-term resistance line, which indicates the dominance of buyers in this range.

The pound also failed to break above the bearish channel on the 4-hour chart on Tuesday, forming the 1.3246 Choppy range.

 

 

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