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Refinitiv
Oct 24 - 08:36 PM
EUR/USD - Bearish Outside Day, Close Pivotal For Next Week
First appeared on eFXplus on Oct 24 - 07:05 PM
  • Flat, closed -0.2%, GBP led on PM calling for Dec 12 election nL5N27931J

  • No surprises from Draghi nL5N2792E6, subdued EZ PMIs nL5N27930S

  • EU to discuss a Brexit extension today, but perhaps no decision nL5N2799UJ

  • Bearish outside day and a close marginally back below the 1.1105 clod top

  • Close pivotal for next week, below 1.1093 NY low would validate outside day

  • October bounce would still be in play on a close above the 1.1105 cloud top

  • 1.1090-1.1100 1BLN strikes a likely base, NY 1.1153 high resistance























eur oct 25 Click here

Source:
Refinitiv IFR Research/Market Commentary

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