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Dec 16 - 04:55 AM

EUR/USD - Conflicting ECB/Fed Views Yet To Test EUR/USD Now On Neutral Ground

By Jeremy Boulton  —  Dec 16 - 02:48 AM
  • Fed worried about inflation that ECB thinks transitory

  • Fed doubles pace it will reduce bond purchases signals 3 hikes nL1N2T1037

  • ECB to reduce stimulus but keep rates exceptionally low nL8N2T110U

  • EUR/USD 1.1221 EBS after Fed before rallying to 1.1299 and closing 1.1295

  • Today 1.1282-1.1306 EBS range

  • 50% Nov 30 high at 1.1387 to Dec 15 low at 1.1222 is 1.1304

  • 1.1378 was 38.2% drop from Oct 29 high, min correction target was met

  • Upper limit of 20-day Bollinger bands at 1.1362 should cap short-covering


EURUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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