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EUR/USD Bias: Bearish Below 1.15

Published 12/10/2021, 03:19 AM
Updated 03/28/2023, 03:20 AM
EUR/USD
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EUR/GBP
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EUR/JPY
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EUR/CHF
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DX
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  • EUR/USD, EUR/JPY tad better bid in Asia after fall yesterday
  • EUR/USD 1.2875-1.1302 EBS, low yesterday 1.1279, Wednesday 1.1267
  • Also recent lows of 1.1228 Tuesday and 1.1186 November 24
  • EUR/USD in 1.1291-1.1327 hourly Ichi cloud, 100/200-HMAs 1.1294/1.1305
  • Option expiries today include 1.1250 E1 bln, 1.1290-1.1300 E899 mln
  • Also above 1.1320-25 total E678 mln, 1.1350-60 E531 mln
  • Monday to see E1.9 bln alone at 1.1320 strike
  • EUR/JPY 127.96 to 128.23 EBS, low yesterday 127.95, Dec 3 127.39
  • EUR/GBP still heavy though, 0.8538-43, EUR/CHF indicated 1.0431
  • Eyes on US CPI, Asia more risk off than on, most bourses off
  • EUR/USD outlook is mixed, bears need a key level above to hold
  • 14-day momentum is on course to see a positive reading at the end of Friday
  • That would be the 1st time since Nov 3, would highlight an upward shift
  • Last week's 1.1387 peak should act as a barometer for direction
  • Where dollar ends the week could compound its fragility

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