By Jeremy Boulton — Dec 18 - 05:30 AM
EUR/USD tests 2020 high at 1.2273 again today
Pair has retreated only modestly from that point (1.2239 low EBS)
Bullish momentum and techs. Little impact from growing spec longs IMM/FX
Resistance at 1.2288 30-day upper Bollinger, Apr 23 2018 high 1.2290
Scope for a faster rise above 1.2300 to Apr 20 2018 peak at 1.2353
April 2018 high was 1.2414. March 2018 peak 1.2476, 2018 high 1.2556
Why 1.2600 is so important for EUR/USD nL1N2IV0HP
IFO beats nL8N2IY1YQ. EZ C/A surplus grows nF9N2GX029
EURUSD Click here
Source:
Refinitiv IFR Research/Market Commentary