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Dec 22 - 05:55 AM

EUR/USD - Eyes On Highs As Shallow Bull Run Holds

By Peter Stoneham  —  Dec 22 - 05:00 AM
  • Euro up 0.25% on the day amid thin conditions: eyes recent 1.0737 high

  • Market holding to a shallow bull bias: could reversal easily

  • However, the monthly chart is constructive: set for third straight bull mnth

  • Euro targets major chart level as its uptrend strengthens nL1N33C0D1

  • Latest USD drop due to pickuop in risk sentiment: frothy U.S. data cited

  • U.S. December consumer confidence at an eight-month high nL1N33B18F

  • French infl high in coming mths; easing mid-2023 - Le Maire nS8N32A01I

  • Euro zone bond yields mixed after ECB-driven surge nL4N33C1MJ

    For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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