CMS Daily Market Report 9th December 2021

According to the analysis, the euro rose 0.66% on Wednesday, hitting the level of 1.13433 and forming bullish engulfing. Currently, considering the price position in the 4-hour chart, buying in the range of 1.13140 is a low risk option and there is a possibility of increasing the price to the range of 1.14050

The pound is currently below the support line in the daily chart, also considering the price position in the 4-hour chart, the price has closed below the support range of 1.3226, which shows the dominance of sellers in this range.

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