EUR/USD: The ascending 55day exponentially weighted movingaverage band, starting at 1.3640 represents short-termdynamic support. Buyers seem to keep the upper hand inthe holiday season thinned market. The ongoing pushhigher is testing resistance at extension points at 1.3750 &1.3775. Above those would also challenge the recent 1.3812high. First support is located at 1.3720/15, but also under1.3655 is needed to blunt this attempt higher.
Read the full report: Technical Alert
SEB
