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Dec 30 - 01:55 AM

EUR/USD - Abrupt Reversal Thwarts Bullish Breakout

By Ewen Chew  —  Dec 30 - 12:09 AM
  • EUR/USD reverses lower early Thurs, eroding Wed gains

  • Last at 1.1332, probing Bollinger uptrend channel floor

  • Closing below that will end bullish chart pattern

  • Could send it back down to Wednesday's low 1.1274

  • If it ends Fri under that, downtrend channel engaged

  • US yield curve corrects slightly; 2y 0.744%, 10y 1.551%

  • For more click on FXBUZ


Source:
Refinitiv IFR Research/Market Commentary

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