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Dec 19 - 07:55 PM

EUR/USD - Resilient Offshore, Trend Is Lower, Huge Strikes

By Andrew M Spencer  —  Dec 19 - 06:40 PM
  • Steady after closing up 0.1%, resilient against a 0.2% stronger USD

  • Putin says Russia is ready to compromise with Trump on Ukraine war

  • A Russia-Ukraine cease-fire would certainly boost sentiment in Europe

  • Charts - daily momentum studies fall, 21-day Bollinger bands expand

  • 5, 10 & 21-DMAs edge lower, weekly moving averages fall - a bearish bias

  • This week's 1.0535 high, then the December 1.0630 top are initial resistance

  • November 1.0331 2024 low, then 1.0195 0.618% 2022/23 rise are first support

  • 1.0350 4.821 BLN, 1.0390 1.677 BLN, and 1.0400 6.33 4BLN, Dec 20 strikes

    For more click on FXBUZ

Source:
London Stock Exchange Group | Thomson Reuters

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