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Dec 15 - 08:55 PM

EUR/USD - Range Around 1.1300 Survives The Fed - ECB Next Test

By Andrew M Spencer  —  Dec 15 - 07:37 PM

  • Off 0.1% after closing up 0.35% with safe haven USD softer post Fed

  • Fed well received by markets, flagging three hikes in 2022 nL1N2SZ1G5

  • ECB is likely to be more dovish, expecting inflation to recede nL4N2T0300

  • 21 day Bollinger bands ease with cresting 5, 10 & 21 day moving averages

  • Momentum studies conflict - mixed signals suggest 1.1300 to remain a magnet

  • 1.1205-1.1371 21 day Bollinger bands likely define the broad range

  • 1.1250 825 MLN 1.1270/75 595 MLN and 1.1300 1.032 BLN today's close strikes

  • NY 1.1221 - 1.1299 range is initial support and resistance

For more click on FXBUZ


eur dec 16 Click here

Source:
Refinitiv IFR Research/Market Commentary

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