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Nov 30 - 08:55 PM

EUR/USD - Extends NY Gains, As Dust Settles On Powell Speech

By Andrew M Spencer  —  Nov 30 - 07:05 PM

  • +0.15% after closing up 0.75% - USD continues to slide post Fed's Powell

  • Rate hikes to slow, but likely elevated for longer- risk soared nL1N32Q2D1

  • EZ inflation eased, reducing the pressure on ECB to hike nL1N32Q0PX

  • Euro continues to be led by USD moves and data rather than European events

  • Charts; momentum studies flat line, 5, 10 & 21 day moving averages conflict

  • 21 day Bollinger bands contract - neutral setup as consolidation extends

  • 1.0256 21 day moving average and 1.0511 50% 2022 fall are the pivotal levels

  • There are no significant close strikes for December 1st

For more click on FXBUZ


Source:
Refinitiv IFR Research/Market Commentary

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