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Refinitiv
Dec 24 - 06:12 AM
EUR/USD - Consolidates Above 30-DMA, A Close Under Will Weaken
First appeared on eFXplus on Dec 24 - 04:00 AM
  • Euro has not moved much against the dollar in the run up to Christmas

  • EUR/USD's range has been 1.1081-94 Tuesday, according to EBS prices

  • When EUR/USD eventually moves, it will probably be down

  • Last Thu's large upside shadow, Fri's big drop weighs heavily on EUR/USD

  • Sparse option expiries on Tuesday, but huge EUR/USD Boxing Day nL1N28Y033

  • U.S. economy underpins dollar nL1N28W05O. Previous update nL1N28X07A

Daily Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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