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