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Dec 23 - 04:55 AM

EUR/USD - Gains As Risk Appetite Improves, Giving Bulls Hope

By Martin Miller  —  Dec 23 - 02:46 AM
  • EUR/USD makes steady gains as risk appetite improves nL1N2T71ZH

  • Spot registered a close above Wednesday above 30-DMA, now at 1.3001

  • First market close above 30-DMA, since late Oct, given bulls fresh hope

  • FX traders sold in phases since Mon's NY session EBS flow data shows

  • Thursday sees a modest EUR/USD 1.1318-42 range, according to EBS prices

  • 30-day bollinger-bands converging, highlighting the drop in mkt volatility

EBS Flow Chart: Click here

Daily Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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