By Andrew M Spencer — Dec 18 - 10:00 PM
A 0.25% bounce with the USD down 0.2% and Treasury yields off the highs
The Fed surprised on Wednesday - will this become the norm under Trump?
With no tier one EZ data, USD and EUR/GBP flow around BoE rate decision lead
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
1.0340 845mln, 1.0350 534mln, 1.0360 500mln, 1.0365 1.315BLN- Dec 19 strikes
For more click on FXBUZ
Source:
London Stock Exchange Group | Thomson Reuters