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Dec 18 - 11:55 PM

EUR/USD - Bounces After The Fed-Led Fall - Charts Trend Lower

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

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