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Dec 09 - 07:55 PM

EUR/USD - Poised To React To Upcoming Event Risk

By Andrew M Spencer  —  Dec 09 - 06:38 PM

  • Steady after closing -0.4%, as safe haven USD demand emerged into U.S. CPI

  • EU countries expected to agree 9-month duration of COVID pass nL1N2SU1E6

  • If the take up is strong the pass will be a major boost for EZ travel

  • 21 day Bollinger bands contract with coiling 5, 10 & 21 day moving averages

  • Momentum studies climb - conflicting signals suggest consolidation

  • 1.1194-1.1411 21 day Bolli's a good indicator of an over stretched market

  • Bolli band likely define the broad range into next week's ECB-Fed decisions

  • 1.1250 1.008 BLN and 1.1300 5578 MLN are Friday's significant strikes

    For more click on FXBUZ


eur Dec 10 Click here

Source:
Refinitiv IFR Research/Market Commentary

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