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Thomson Reuters
Nov 07 - 02:36 AM
EUR/USD - Bid Tone After US Midterm Clarity
First appeared on eFXplus on Nov 06 - 10:40 PM
  • EUR/USD was choppy as US mid-term results filtered through
  • It traded up to 1.1473 when early returns favoured Dems in both houses
  • EUR/USD fell to 1.1395 when election model projected close race for US House
  • As it became clear Dems would get House/Repubs Senate EUR/USD drifted higher
  • Heading into the afternoon session the EUR/USD was around 1.1450
  • Resistance at 61.8 of 1.1622/1.1302 move at 1.1500 in focus
  • Support at 10-day MA at 1.1388 and break targets 1.1300/05

eur/usd Click here

Source:
Thomson Reuters IFR Markets

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