By Andrew M Spencer — Dec 22 - 09:50 PM
Trades up 0.05% in a 1.0424-1.0448 range with the U.S. dollar off 0.1%
E-mini S&P +0.3%, Nasdaq e-mini +0.5%, Asian stocks higher - risk 'on'
Trump threatens EU with tariffs over oil and gas imports - no real surprise
Charts - daily momentum studies base/rise, 21-day Bollinger bands flat line
5, 10 & 21-DMAs edge lower, weekly moving averages fall - a net bearish bias
Last week's 1.0535 high, then the December 1.0630 top are initial resistance
November 1.0331 2024 low, then 1.0195 0.618% 2022/23 rise are first supports
1.0425 1.826 BLN and 1.0450 1.056BLN close strikes for Dec 23rd
For more click on FXBUZ
Source:
London Stock Exchange Group | Thomson Reuters