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Dec 23 - 07:55 AM

EUR/USD - Market Happy To Idle And Reflect

By Peter Stoneham  —  Dec 23 - 04:20 AM
  • In need of a breakout but market has done its heavy lifting for 2022

  • Tight ranges, thin price action: a time to reflect on a tumultuous year

  • Massive option expiries both sides today - 1.0200 E1.2 bln, 1.0800 E1 bln

  • Decent pick-up in Italian Dec consumer/business confidence nR1N30I00R

  • Q3 Spanish growth 4.4% y/y vs preliminary 3.8%: Q2 rvsd higher nL8N33D170

  • Deep freeze grips U.S. as winter 'bomb cyclone' looms nL1N33D074

  • EUR/USD unlikely to make waves today: levels to watch 1.0573-1.0659

  • Minimum correction off the 0.9730-1.0730 climb is at 1.0499

    For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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