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Dec 16 - 07:55 PM

EUR/USD - Key Resistance Broken, Door To 1.2414 Open

By Andrew M Spencer  —  Dec 16 - 06:00 PM
  • Flat after closing +0.4%, a new trend high, with USD broadly softer

  • EZ PMI's beat expectations, but expanding COVID-19 to cap nL8N2IW23C

  • EU chief says UK trade pact closer but success not certain nL8N2IW1VD

  • Bookmakers expect a deal - oddschecker odds bet 5 to win 6 - hot favourite

  • Charts, 5, 10 & 21 daily weekly and monthly moving averages climb

  • Strong and unusual trending setup targets 1.2414 April 2018 top

  • Close below 1.2135 well tested 10 DMA would suggests extended consolidation

  • NY 1.2124 low and London 1.2212 trend high initial support-resistance

For more click on FXBUZ


eur dec 17 Click here

Source:
Refinitiv IFR Research/Market Commentary

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