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Dec 22 - 11:55 PM

EUR/USD - Sustains Friday's Bounce - Cautious Risk Recovery

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

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