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Dec 09 - 07:55 PM

EUR/USD - EUR/GBP Flows Lead, No Deal Brexit A Real Possibility

By Andrew M Spencer  —  Dec 09 - 05:55 PM
  • Flat after closing -0.2%, as EUR/GBP flows dominated into EU/UK Brexit talks

  • No breakthrough - final Brexit decision deferred to Sunday nS8N2I904T

  • EU chief says sides "far apart" after "lively" Johnson dinner nS8N2I904T

  • EUR/GBP +0.35% on the news, after falling 0.55% on Wednesday

  • Charts; momentum studies conflict, daily 10 & 21 MAs track north

  • Bullish setup targets another test of last week's 1.2177 high

  • Close below 1.2078 under pressure 10 DMA needed to end topside bias

  • NY 1.2058 - 1.2124 range is initial support-resistance


    For more click on FXBUZ

eur dec 10 Click here

Source:
Refinitiv IFR Research/Market Commentary

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