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Dec 23 - 07:55 PM

EUR/USD - Trend Stalled Awaiting Brexit Finale And Deal Details

By Andrew M Spencer  —  Dec 23 - 05:58 PM
  • Flat after closing +0.2%, dragged higher by GBP on Brexit deal expectations

  • Brexit compromise expected soon nL8N2J30ZR betting has no deal 7/1 against

  • Devil will be in the details of the Brexit deal to gauge the economic impact

  • Spread of COVID-19 and the roll out of vaccines key for 2021 growth

  • Charts; 5 DMA and momentum studies slide, 10 & 21 daily moving averages rise

  • Conflicting signals suggest further choppy consolidation

  • Sustained break of 1.2124 21 DMA would be a bearish signal

  • NY 1.2160-1.2220 range is initial support-resistance

For more click on FXBUZ


eur dec 24 Click here

Source:
Refinitiv IFR Research/Market Commentary

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