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Nov 18 - 07:55 PM

EUR/USD - Higher On Profit-Taking, US Policy Implementation Key

By Andrew M Spencer  —  Nov 18 - 06:20 PM
  • Steady after closing up 0.55% with the USD off 0.45% on profit-taking

  • ECB fears Trump tariffs to hit growth more than raise inflation

  • The uncertainty around US policy implementation clouds EU expectations

  • Charts - mixed daily momentum studies as 21-day Bollinger bands expand

  • 5, 10 & 21-day moving averages fall, signals show a bearish trending setup

  • 1.0636 10-day moving average and last week's 1.0728 high initial resistance

  • Last week's 1.0496 trend base, then the 1.0448 2023 low are first supports

  • 1.0590 810mln and 1.0600 1.011 BLN strikes may contain today in Asia

    For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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