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Dec 16 - 07:55 PM

EUR/USD - Familiar Levels - Outlook For Yield Spreads Weigh

By Andrew M Spencer  —  Dec 16 - 06:35 PM
  • Steady after closing up 0.1% with the USD off 0.1% - modest UST moves

  • German Chancellor Scholz loses no-confidence vote, paves way for an election

  • ECB President Lagarde expects more rate cuts as inflation fears abate

  • As Trump announces policies, tariff increases, yield spreads to support USD

  • Charts - mixed daily momentum studies, 21-day Bollinger bands contract

  • Neutral 5, 10 & 21-DMAs, weekly moving averages fall - no strong bias

  • 1.0668 0.382% of the September/November fall remains pivotal resistance

  • Thursday's 1.0531 high and the December 1.0630 top are the first resistance

  • Friday's 1.0453 base and then the November 1.0331 low are initial support

  • 1.0475 858mln and 1.0525 1.927 BLN close strikes for Dec 17th

For more click on FXBUZ

Source:
London Stock Exchange Group | Thomson Reuters

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