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Refinitiv
Dec 22 - 09:48 PM
EUR/USD - Strikes Contain, Key Support Above 1.1030
First appeared on eFXplus on Dec 22 - 08:05 PM
  • Touch softer in a low key start to the FX week - tight range trading likely

  • EU stress Brexit talks will not allow a 'race to the bottom' nL8N28V08J

  • Johnson, no alignment with EU rules in future relationship nS8N2760F3

  • Views appear incompatible - 'hard' Brexit looks a real possibility

  • Momentum studies crest, 5, 10 & 21 DMAs conflict - neutral setup

  • 1.1070 928M and 1.1100/10 891M are today's close strikes - likely contain

  • 1.1147 200 DMA capped on the close last week - resistance held since July

  • 1.1032/39 76.4% Dec bounce and 50% Oct-Dec rise is pivotal support

eur dec 23 Click here

Source:
Refinitiv IFR Research/Market Commentary

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