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Thomson Reuters
Nov 05 - 02:36 AM
EUR/USD - Sidelined In Asia As Focus On Brexit Progress
First appeared on eFXplus on Nov 04 - 10:25 PM
  • EUR/USD moved up to 1.1408 early Asia in sympathy with GBP/USD gap higher
  • Brexit optimism dominated early before conflicting reports dampened
  • EUR/USD traded back to 1.1383 and is around 1.1385 into the afternoon
  • EUR/USD rallies likely to be limited while hawkish Fed expectations persist
  • Resistance at 21-day MA at 1.1426 and Friday's 1.1456 high
  • Strong support @ 1.1300/05 & break targets 61.8 of 1.0340/1.2556 @ 1.1186

eur/usd Click here

Source:
Thomson Reuters IFR Markets

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