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Dec 26 - 03:55 PM

EUR/USD - Sets Fresh Daily High, Crosses Advance

By Robert Fullem  —  Dec 26 - 01:35 PM
  • EUR/USD sets day's high of 1.0427 as Trsy yields reverse gains, low 1.0392

  • Low turnover and 1.04 expiries the next few days helps limit movement

  • Stochastics improve, needs close above 1.05 to relieve downward pressure

  • Eyes 1.0344-48 congestion and YTD low of 1.0332 below Dec. 24 low of 1.3084

  • Euro crosses move broadly higher with EUR/GBP briefly eclipsing its 55-DMA

  • EUR/JPY tests its 164.68 200-DMA for first time in six weeks, cloud buoys

  • Geopolitics, positioning may guide due to lack of data, ECB speakers

  • Russia's Putin says gas prices in Europe will rise

For more click on FXBUZ

Source:
London Stock Exchange Group | Thomson Reuters

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