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Dec 26 - 11:55 PM

EUR/USD - Gains Entry Into Bullish Path On China Sentiment

By Ewen Chew  —  Dec 26 - 10:05 PM
  • EUR/USD lifted to 1.0660 from open 1.0635, turning bullish

  • Closing above 1.0639 engages Bollinger uptrend channel

  • Modestly above Mon close 1.0635, with more upside potential

  • Hopes for earlier China econ recovery on quarantine scrapping

  • Asia equities up broadly as S&P futures rally 0.7%

  • Tad softer US Treasury yields adds to EUR buoyancy; 10y 3.732%

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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