Forex EUR/USD Daily Video, December 20, 2022

[Sive Morten]

Good morning,

Situation is changing slowly on EUR and JPY performance yesterday has brought some nervousness. Overall action has weak bearish tendency, so you could either wait for more clarity, or consider 1.0620 intraday resistance for short entry:

 

[daren186]

Good morning,

Situation is changing slowly on EUR and JPY performance yesterday has brought some nervousness. Overall action has weak bearish tendency, so you could either wait for more clarity, or consider 1.0620 intraday resistance for short entry:

I am so confused, have gone from bearish to weak bearish and EUR is actually bullish today. All trades lost or gains reduced to BE on this pair.

 

[Suomi]

Surprisingly slow rebound of the USD, it is now at risk of failing to have a meaningful pullback. Last chance is Friday for CPI day. Im thinking that the expectation / speculation itself will start strengthening USD starting Wed-Thu.

 

[Sive Morten]

I am so confused, have gone from bearish to weak bearish and EUR is actually bullish today. All trades lost or gains reduced to BE on this pair.

Surprisingly slow rebound of the USD, it is now at risk of failing to have a meaningful pullback. Last chance is Friday for CPI day. Im thinking that the expectation / speculation itself will start strengthening USD starting Wed-Thu.

Guys, markets are driven by JPY now. BoJ has raised the rate that pushed Dollar Index down a bit. Markets are thin now, that's why reaction on EUR and Gold a bit greater than they could be in common days. Just do not take any action by far.

 

[Suomi]

Look Sive's explanation is spot on. The USDJPY move triggered a massive USD selloff. If you look at it this way, the 3% move in JPY only translated to a 20-40 pips in EURUSD and GBPUSD, showing that USD in those pairs stayed relatively strong. Dollar strength is there, but right now muted by the JPY move.