Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Dec 08 - 09:48 PM
EUR/USD - 1.1100 Caps, But Setup Does Not Support A Deep Dip
First appeared on eFXplus on Dec 08 - 07:50 PM
  • Off 0.05% in a low key start - EUR struggled above 1.1100 last week

  • 1.1030 260M, 1.1055 265M, 1.1070-80 1BLN, 1.1090-05 1.210BLN close strikes

  • First ECB meeting for Lagarde will be interesting, no policy shift expected

  • Charts - EUR in the middle of a 1.1029/1.1076 horizontal daily cloud

  • Flat lining Tenkan and Kijun lines suggest further choppy consolidation

  • 1.1076 cloud top and 1.1078 Kijun line are initial resistance

  • 1.1048 Tenkan line and Friday's 1.1039 NY low first support

eur dec 9 Click here

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
!