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Oct 26 - 09:55 PM

EUR/USD - 1.1670 Range Top, Looking For The Base As Strikes Cap

By Andrew M Spencer  —  Oct 26 - 08:16 PM

  • Steady after slipping 0.1%, with the USD closing a touch firmer

  • Germany's new coalition is slowly taking shape nL1N2RM0YZ

  • A cohesive German government a cornerstone of the climate change fight

  • Charts, 21 day Bolli bands contract, 5, 10 & 21 day moving averages conflict

  • Neutral momentum studies - no real bias suggests further consolidation

  • 1.1655 upper 21 day Bolli and 1.1669, 38.2% Sep-Oct fall major resistance

  • 1.1585 NY low first support, and 1.1522 October low likely range base

  • 1.1600/15 2.304 BLN strikes likely cap in Asia

For more click on FXBUZ


eur Oct 27 Click here

Source:
Refinitiv IFR Research/Market Commentary

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