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Dec 01 - 08:55 PM

EUR/USD - USD To Lead Into Barnier's Brexit Update

By Andrew M Spencer  —  Dec 01 - 07:00 PM
  • Flat after leading USD lower, as risk appetite saw fresh Wall Street high's

  • UK minister says 'no deal' Brexit is still possible nL8N2IH17N

  • EU's Barnier to update bloc on UK trade talks 0730GMT Wednesday nL8N2IH5FX

  • There has been no word of a Brexit compromise from the EU or the UK

  • Charts; momentum studies, daily & weekly 5, 10 & 21 MAs track north

  • Strong bullish setup targets a test of 1.2102 76.4% of the 2018/2020 fall

  • Close below 1.1931 10 DMA needed to undermine the topside bias

  • 1.2022, 38.2% of this week's rise and 1.2084 NY high support-resistance

For more click on FXBUZ


eur dec 2 Click here

Source:
Refinitiv IFR Research/Market Commentary

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