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Dec 17 - 11:55 PM

EUR/USD - Steadies In Asia - Fed's Projections Will Be Key

By Andrew M Spencer  —  Dec 17 - 09:50 PM
  • +0.1% in a tight 1.0492-1.0504 range, as markets await the FOMC meeting

  • ECB chief economist Philip Lane is due to speak at an MNI webinar

  • Fed officials will deliver projections factoring in Trump policies

  • Projections and the Fed's tone in the statement, press conference are key

  • Charts - daily momentum studies conflict, 21-day Bollinger bands contract

  • Neutral 5, 10 & 21-DMAs, weekly moving averages fall - no strong bias

  • 1.0668 0.382% of the September/November fall remains pivotal resistance

  • The 1.0595 upper 21-day Bolli, and December 1.0630 top are first resistance

  • Friday's 1.0453 base and then the November 1.0331 low are initial support

  • 1.0490 628mln and 1.0500 1.665 BLN close strikes for Dec 18th

For more click on FXBUZ

Source:
London Stock Exchange Group | Thomson Reuters

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