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Nov 01 - 07:55 PM

EUR/USD - Opens Higher On Short Covering Ahead Of FOMC

By John Noonan  —  Nov 01 - 06:43 PM
  • EUR/USD opens 0.39% higher after USD gave back some of Friday's gains

  • EUR/USD dip buyers emerged as Friday's month end move was exaggerated

  • Resistance is at the 10-day MA at 1.1618 and break targets 1.1690/95

  • Bids are eyed between 1.1535/50 where support has formed

  • More range trading expected ahead of Wednesday FOMC meeting

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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