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Dec 06 - 07:55 PM

EUR/USD - Cross Flows Lead - Huge Week For Event Risk

By Andrew M Spencer  —  Dec 06 - 05:45 PM
  • Flat around 1.2120 in a 1.2112-1.2135 early range, led by EUR/GBP flow

  • Brexit stalemate continues - final days to avoid no deal nL1N2IM0HX

  • Cracks showing in Polish ruling coalition over EU budget veto nL1N2IM05V

  • EU's budget and relief package to be decided this week nL8N2II4TY

  • Charts; momentum studies, daily & weekly 5, 10 & 21 MAs track north

  • Strong bullish setup targets the 1.2556 2018 high longer term

  • Close below 1.2018 10 DMA needed to undermine the topside bias

  • NY 1.2110 low and NLondon 1.2177 high initial support-resistance

For more click on FXBUZ


eur 3 dec 7 Click here

Source:
Refinitiv IFR Research/Market Commentary

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