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Nov 15 - 08:55 PM

EUR/USD - Choppy Offshore, Charts Remain Positive, Strikes Cap

By Andrew M Spencer  —  Nov 15 - 07:15 PM

  • +0.1% after a choppy offshore session, led by volatile USD and Poland news

  • Euro came off the 1.0481 high on explosions in Poland headlines nS8N316070

  • Fear that the Ukraine war may spread, though unlikely, still weigh

  • Charts; momentum studies, 5, 10 & 21 day moving averages head higher

  • 21 day Bollinger bands expand - a strong bullish trending setup

  • Targets a close above 1.0423 200 DMA would be first since June 2021

  • NY 1.0280-1.0481 range is initial support and resistance

  • 394 mln 1.0350 and 1.932 BLN 1.0370 close strikes for Tuesday

For more click on FXBUZ


Source:
Refinitiv IFR Research/Market Commentary

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