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Dec 16 - 02:55 AM

EUR/USD - Outlook Mixed According To The Daily Chart

By Martin Miller  —  Dec 16 - 02:32 AM
  • EUR/USD outlook is mixed on daily chart, bears need key level above to hold

  • Last week's 1.1355 peak should act as a barometer for direction

  • 14-day momentum turned positive last Friday, giving bulls hope

  • That was the 1st positive reading since Nov 3, highlighting an upward shift

  • However, the bearish alignment of the tenkan and kijun lines persists

  • EUR/USD Trader TGM2334. Previous update nL1N2T00F0

Daily Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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