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Nov 20 - 09:48 PM
EUR/USD - Huge Strikes Strangle, But Cloud Break Sustained
First appeared on eFXplus on Nov 20 - 07:55 PM
  • Up a touch regaining the modest offshore loss, consolidating above the cloud

  • Horizontal Tenkan and Kijun lines suggest further consolidation

  • USD trapped between opposing forces - risk off and lower UST yields

  • Monday's 1.1090 high, then 1.1107, 61.8% of the November fall are resistance

  • 1.1060 cloud top, 1.1053 NY low and 1.1039 Tenkan line are initial support

  • German exports stabilized, but trade outlook remains uncertain nS8N27Z05N

  • 1.1020-40 1.65BLN, 1.1050 875M, 1.1090 1.2BLN and 1.1100-10 1BLN strikes

eur nov 21 Click here

Source:
Refinitiv IFR Research/Market Commentary

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