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Dec 13 - 07:55 PM

EUR/USD - Treads Water - Coronavirus Variants Front And Centre

By Andrew M Spencer  —  Dec 13 - 06:26 PM

  • Steady after closing -0.25% amid broad USD strength, as Omicron fears spread

  • Poll - new coronavirus variants, not inflation biggest threat to EZ economy

  • Economists expect ECB to keep dovish stance unlike Fed & BoE nL4N2SU31Q

  • Outlook suggests that the risk remains on the downside for EUR/USD

  • 21 day Bollinger bands contract with coiling 5, 10 & 21 day moving averages

  • Momentum studies conflict - mixed signals suggest continued consolidation

  • 1.1209-1.1376 21 day Bolli's likely define range into ECB-Fed decisions

  • European 1.1260 low supports 1.1295/00 753 MLN strikes initial resistance

    For more click on FXBUZ


eur dec 14 Click here

Source:
Refinitiv IFR Research/Market Commentary

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