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Dec 23 - 11:55 AM

EUR/USD - Hovers Above Lower Bollinger, Large Expiries

By Robert Fullem  —  Dec 23 - 09:35 AM
  • EUR/USD holds loss amid broad dollar gains and firmer Treasury yields

  • Settles near bottom end of 1.0386 to 1.0448 day’s range

  • Bund yields higher after ECB Lagarde says near inflation goal, import prices

  • Price congestion above 1.0370 lower Bollinger supports before 1.0344 YTD low

  • Option expiries include EUR4.4b at 1.0350-1.0360

  • Bounce possible due to year-end short covering, Dec. 19 inverted hammer

  • Needs to climb above 1.0536 Dec 17 high to neutralize bearish momentum

  • Growth concerns, low yield and political uncertainty weigh longer-term

For more click on FXBUZ

Source:
London Stock Exchange Group | Thomson Reuters

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