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Dec 23 - 09:55 PM

EUR/USD - Familiar Levels, But Signals Suggest A Breakout Is Due

By Andrew M Spencer  —  Dec 23 - 07:49 PM

  • Steady after closing little changed, but EUR weakened on the crosses

  • Optimism on COVID-19 treatment saw riskier currencies bid nL8N2T816M

  • Charts, 21 day Bollinger bands contract, 5, 10 & 21 day moving averages coil

  • Momentum studies climb - tight Bollinger bands suggest a breakout is coming

  • 1.1247-1.1355 21 day Bollinger bands continue to define the broad range

  • 1.1291 NY low and Thursday's 1.1342 Asian high initial support, resistance

  • No significant option strikes into the long weekend

For more click on FXBUZ


eur dec 24 Click here

Source:
Refinitiv IFR Research/Market Commentary

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