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Dec 26 - 08:55 PM

EUR/USD - Aims For Uptrend Channel As China Reopens Borders

By Ewen Chew  —  Dec 26 - 06:35 PM
  • EUR/USD inches up to 1.0639 vs Mon close 1.0635

  • Bullish momentum to increase if it ends above 1.0638

  • Daily Bollinger uptrend channel would then be confirmed

  • Risk-on sentiment builds as China scraps inbound quarantine

  • Expected rise in travel should spur local consumption demand

  • But will also spur tourism outflows by Chinese citizens nL1N33G0FF

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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