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Jan 03 - 08:55 PM

EUR/USD - Hit As Yield Differentials Jump, But Familiar Levels

By Andrew M Spencer  —  Jan 03 - 06:58 PM

  • Flat early, after surging Treasury yields helped the USD jump offshore

  • Closed -0.6% as markets price Fed more aggressive than ECB on inflation

  • Sharp fall leaves EUR/USD at familiar levels - likely a tight Asian range

  • EZ PMIs were resilient in Q4, as supply bottlenecks receded nZRN003OQP

  • Charts, 21 day Bolli bands flat line, 5, 10 & 21 day moving averages coil

  • Momentum studies crest - neutral setup suggest further consolidation

  • 1.1244-1.1368 21 day Bollinger bands continue to define the broad range

  • 1.1279 NY low and Europe's 1.1366 high initial support, resistance

    For more click on FXBUZ


eur jan 4 Click here

Source:
Refinitiv IFR Research/Market Commentary

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