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Dec 06 - 08:55 PM

EUR/USD - 1.0355/65 Is Pivotal Support As Optimism Fades

By Andrew M Spencer  —  Dec 06 - 07:15 PM

  • -0.05%, extending Tuesday's 0.25% fall, as global recession fears resurface

  • Large U.S. global banks expect U.S. economic growth to slow nL1N32W1ZR

  • ECB may face a long road to reach 2% inflation target nL4N32V2RV

  • Cautious outlooks for inflation control, global growth, support the USD

  • Charts; momentum studies crest, 5, 10 & 21 day moving averages edge higher

  • 21 day Bollinger bands contract - recent rise is losing momentum

  • Close below 1.0364 21 day moving average and 1.0357 200 DMA would be bearish

  • No significant close strikes for December 7

    For more click on FXBUZ


Source:
Refinitiv IFR Research/Market Commentary

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