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Dec 13 - 06:55 AM

EUR/USD - Two Bullish EUR/USD Signals Shortly Before Cenbank Decisions

By Jeremy Boulton  —  Dec 13 - 06:05 AM
  • Dec 6 21-DMA 1.0427 rose over 200-DMA 1.0350

  • Dec 9 55-DMA 1.0098 crossed above 100-DMA 1.0073 - Golden Cross

  • The next target for a bigger upside correction is 1.0938

  • EUR/USD rally has reached a decisive level nL1N3330GF

  • Fed/ECB decisions Dec 14/15 - both eyed raising rates by 50bps

  • The dollar could drop a further six to seven percent nL1N3330M3


Source:
Refinitiv IFR Research/Market Commentary

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