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Thomson Reuters
Dec 24 - 02:36 PM
EUR/USD - Shorts Lighten Amid US Govt Shutdown, Low Rate View
First appeared on eFXplus on Dec 24 - 10:40 AM
  • EUR/USD holds by session highs, +0.42% at 1.1425, Mon range 1.1439-1.1355
  • Pair remains tethered to upper 21-d Bolli, w/res holding by 100-DMA 1.1483
  • EUR/USD back inside its daily cloud (1.1386-1.1516) after Friday close below
  • Risk improvement fades following rpt Mnuchin spoke to plunge protection team
  • Equities on backfoot amid US govt shutdown & reduced US growth, rates view
  • IMM specs pared EUR/USD shorts last week by 3.163 contract nL1N1YQ1MU

EUR Chart: Click here

Source:
Thomson Reuters IFR Markets

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