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Dec 06 - 01:55 AM

EUR/USD - Slips As Geopolitics Underpin The USD Into US Jobs

By Andrew M Spencer  —  Dec 05 - 10:00 PM
  • 0.1% lower in a 1.0566-1.0588 range, as the safe-haven USD weighed

  • Russia's Lavrov ready to use any means in the Ukraine conflict

  • German IP, trades, EZ revised GDP have a modest impact - US jobs will be key

  • France's Macron says he will appoint a new prime minister in the coming days

  • Life goes on in France - EZ credit markets will be the barometer for EUR

  • ECB to cut rates by 25 bps on Dec 12 - four more cuts expected in 2025

  • Charts - daily momentum studies climb as 21-day Bollinger bands contract

  • 5, 10 & 21-DMAs coil, weekly moving averages fall - a modest bearish setup

  • The 1.0610 range top since mid-Nov is the pivotal resistance for next week

  • This week's 1.0461 base and the November 1.0331 low are initial supports

  • 1.0550 946 mln, and 1.0600 1.237 BLN close strikes for December 6th

    For more click on FXBUZ

Source:
London Stock Exchange Group | Thomson Reuters

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