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Thomson Reuters
Dec 21 - 03:48 PM
EUR/USD - Stumbles On Safe Haven Flows
First appeared on eFXplus on Dec 21 - 01:45 PM
  • US$ and Japanese yen both gain broadly as risk sentiment sours
  • US$ firms against most majors; yen bid sees EUR/JPY break October's low
  • Euribor futures prices rally; highlights ECB likely to be cautious in 2019
  • EUR/USD dive sees pair back below the 55-DMA and daily cloud base
  • Rejection of latest rally toward 1.1500 suggests bears remain in control
  • Holiday thinned markets should see broad 1.1200-1.1500 range hold for now

chart: Click here

Source:
Thomson Reuters IFR Markets

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