By Martin Miller — Dec 28 - 04:40 AM
EUR/USD has seen a tight 1.0625-1.0654 Wed range, according to EBS prices
Spot has remained stuck below this week's 1.0669 peak, but for how long?
14-day momentum remains positive, reinforcing the bullish market structure
EUR/USD could soar if it finishes December above the 1.0606 Fibo
1.0606 Fibo is a 38.2% retrace of 1.2349 to 0.9528 (2021 to 2022) EBS drop
Sentiment has turned against the fragile dollar nL1N33G0F0
Renewed dollar weakness would likely drive EUR/USD higher in coming sessions
Source:
Refinitiv IFR Research/Market Commentary