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Dec 27 - 01:55 AM

EUR/USD - Bulls Struggle As Air Thins Before December Peak

By Ewen Chew  —  Dec 27 - 12:25 AM
  • EUR/USD struggles to rise, fades to 1.0650 from 1.0660

  • Teeters on edge of daily Bollinger uptrend channel

  • Tues close above 1.0639 will skew it bullish in near term

  • Failing which, consolidation lower to 21 DMA 1.0560 may follow

  • Ahead of Dec peak 1.0737 where it deflected, some bulls skittish

  • UST yields show resilience as Fed to remain resolutely hawkish

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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