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Dec 16 - 11:55 PM

EUR/USD - Familiar Levels, But Resilient In Asia

By Andrew M Spencer  —  Dec 16 - 09:55 PM
  • +0.15% in a 1.0507-1.0535 EBS range with the U.S. dollar off 0.1%

  • German ifo Business Climate and ZEW Economic Sentiment lead EZ data

  • Retail sales lead a busy US data schedule - potential volatility

  • Charts - daily momentum studies flat-line, 21-day Bollinger bands contract

  • Neutral 5, 10 & 21-DMAs, weekly moving averages fall - no strong bias

  • 1.0668 0.382% of the September/November fall remains pivotal resistance

  • The December 1.0630 top and 1.0668, 0.382% Sep/Nov fall are first resistance

  • Friday's 1.0453 base and then the November 1.0331 low are initial support

  • 1.0475 858mln and 1.0525 1.927 BLN close strikes for Dec 17th

For more click on FXBUZ

Source:
London Stock Exchange Group | Thomson Reuters

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