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Dec 27 - 05:55 PM

EUR/USD - Holds In Tight Range As Flows Offset

By Robert Fullem  —  Dec 27 - 02:05 PM
  • EUR/USD forms an indecisive doji in middle of slim 1.0406 to 1.0444

  • Rising European yields supports with bund yields up for a fourth week

  • Flows limited due to holiday period, spec and corp sales cap gains

  • Needs to top 1.0518 Dec 18 high to see upward momentum build

  • Series of 1.04 options and Dec. 19 inverted hammer at 1.0348 limits downside

  • EUR/JPY is lower amid weakness in US shares; EUR/CHF rises to one-week high

  • Germany's President dissolved parliament to allow Feb. 23 snap elections

  • No data, ECB speakers on the horizon until next year

For more click on FXBUZ

Source:
London Stock Exchange Group | Thomson Reuters

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