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Dec 11 - 06:55 AM

EUR/USD - ECB Fuels EUR/USD Demand Then Brexit Curbs Enthusiasm

By Jeremy Boulton  —  Dec 11 - 05:05 AM
  • ECB has added lots more stimulus without hurting EUR

  • EUR/USD rallies 1.2090-1.2163 EBS in wake of ECB meeting

  • Pair slips back to 1.2115 as risk of no-deal Brexit rise nL1N2IR0K5

  • A 7 day consolidation pattern unfolds within 1.2177-1.2058

  • This elevated pattern is the platform for a bigger rise

  • A December close over 1.2103 would suggest 1.2556 revisited next year



EUR/USD monthly Click here

Source:
Refinitiv IFR Research/Market Commentary

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