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Dec 24 - 02:55 AM

EUR/USD - Sees Two Daily Closes Above 30-DMA In A Row: Bullish

By Martin Miller  —  Dec 24 - 02:18 AM
  • EUR/USD saw two daily closes in a row above 30-DMA, now at 1.1297

  • That is a bullish development that puts the focus on the upside into 2022

  • However as the holiday season approaches, interesting in trading has dropped

  • 30-day bollinger-bands converging, illustrating the drop in mkt volatility

  • EUR/USD 1M implied volatility hit 5.85 Tuesday, now down at 5.40 on Friday

  • Friday sees a EUR/USD 1.1321-1.1335 range so far, according to EBS prices

  • Dollar has dropped in the last 4 Decembers, could stumble again nL1N2T80RF

Daily Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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