By Andrew M Spencer — Nov 14 - 06:40 PM
Steady after closing down 0.35% with the U.S. dollar up 0.4%
Fed Chair Powell cautious on rate cuts - ECB is more confident
Diverging interest rates, and Trump tariffs should cap EUR/USD
Charts - daily momentum studies slide as 21-day Bollinger bands expand
5, 10 & 21-day moving averages fall, signals show a bearish trending setup
Thursday's 1.0583 high and then Tuesday's 1.0663 top are initial resistance
Next major support is the 1.0448 2023 base, then 1.0402, 0.500% 2022/23 rise
1.0500 3.210 BLN and 1.0550 990mln are the close strikes for Nov 15th
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary