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Nov 16 - 10:55 PM

EUR/USD - Retains Bid Tone In Quiet Asian Session

By John Noonan  —  Nov 16 - 10:10 PM
  • EUR/USD opened 0.14% higher at 1.1853 after risk rallied on vaccine news nL1N2I22TL

  • Pair traded in a quiet 1.1852/67 in Asia and was 1.1860 into the afternoon

  • EUR/USD trending higher with 5, 10 and 21-day MAs in bullish alignment

  • Resistance is at Nov 11 trend high at 1.1920 with sellers ahead of 1.1900

  • Support at 10-day MA at 1.1818 and break eases upward pressure

  • USD sentiment has turned bearish due to dovish Fed and bullish risk assets

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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