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Dec 07 - 07:55 PM

EUR/USD - Cross Flows Lead, But Uptrend Remains Strong

By Andrew M Spencer  —  Dec 07 - 06:10 PM
  • Flat after closing -0.1% with EUR/GBP +0.3% after a volatile session

  • No Brexit progress, but markets remain optimistic on a deal nL8N2IN3QS

  • EU sources say UK trade talks made no progress, gaps might have widened

  • Leaders expected to meet Wednesday for final negotiations nL8N2IN16Q

  • Charts; momentum studies, daily & weekly 5, 10 & 21 MAs track north

  • Strong bullish setup targets the 1.2556 2018 high longer term

  • Close below 1.2038 10 DMA needed to undermine the topside bias

  • London 1.2078 low and NY 1.2166 high initial support-resistance

For more click on FXBUZ


eur 2 dec 8 Click here

Source:
Refinitiv IFR Research/Market Commentary

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