By Andrew M Spencer — Dec 13 - 09:50 PM
+0.2%, softer USD with risk bid & Brexit deadline extension GBP strength
EUR/GBP -0.55% - hectic early on hopes of a Brexit deal nL1N2IT0P0
Large EUR, GBP purchases lift USD net short to 4-month high nL1N2IR2HB
Long positions could be a problem if Brexit ends with no deal
Charts; momentum studies base, 5, 10 & 21 daily weekly and monthly MAs climb
Trend stalled, but bullish setup targets another test of the 1.2177 Dec high
Close below 1.2113 well tested 10 DMA needed to undermine topside bias
Earlier 1.1210 low and Friday's early Europe 1.2163 high support-resistance
For more click on FXBUZ
eur 2 dec 14 Click here
Source:
Refinitiv IFR Research/Market Commentary