By Andrew M Spencer — Dec 03 - 06:00 PM
Flat after closing up 0.2%, as the strong USD downtrend extended
Stocks, commodities & 2021 outlook remain resilient, hitting safe haven USD
EU-UK trade deal hangs in the balance, with mixed signals nL8N2IJ1PD
Suggests that any deal will likely be 'bare bones' not comprehensive
Charts; momentum studies, daily & weekly 5, 10 & 21 MAs track north
Strong bullish setup targets the 1.2556 2018 high longer term
Close below 1.1992 10 DMA needed to undermine the topside bias
London 1.2101 low and NY 1.2174 high are initial support-resistance
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Source:
Refinitiv IFR Research/Market Commentary