XE Market Analysis: Europe – Dec 29, 2016

EUR-USD has settled back in the 1.04s after foraying to the mid 1.03s yesterday. USD-JPY has traded below its 20-day moving average for the first time since Nov-9 today, making a low at 116.33. The said moving average is presently sitting at 116.47, which now reverts as a resistance. Sterling remains on weak, with GBP-JPY logging a new low and EUR-GBP edging out a three-week high at 0.8543. Trade will remain thin until next week.[EUR, USD]EUR-USD has settled back in the 1.04s after foraying to the mid 1.03s yesterday. The pair has remained above the 14-year at 1.0352, which was…

Source: XE news feed
XE Market Analysis: Europe – Dec 29, 2016