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Nov 15 - 05:00 AM
EUR/USD - Rising Risk Aversion May Boost EUR/USD Back Towards 1.1200
First appeared on eFXplus on Nov 15 - 02:40 AM
  • Doubts about a trade deal grow, UK election soon, possible year-end turmoil

  • Lots of reasons to expect risk aversion to rise in short-term

  • Euro is a safer asset if not much fancied but critically traders are short

  • The risk of some paring of current positions before year-end is substantial

  • Good chance this lifts EUR/USD towards peak of 1.09-1.12 (break not likely)

  • EUR/USD closed on base daily ichimoku cloud @ 1.0983 and bounced yesterday

  • Cloud twist @1.1054/57 Nov 27 likely to attracts. Bullish picture to evolve


EUR/USD Click here

Source:
Refinitiv IFR Research/Market Commentary

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