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Nov 22 - 05:55 PM

EUR/USD - Quiet Start After Another Stall Ahead Of 1.1900

By John Noonan  —  Nov 22 - 04:05 PM
  • EUR/USD closed Friday 0.15% lower and is off to a quiet start in early Asia

  • It failed between 1.1890/1.1900 for the third time in four days

  • Long EUR/USD positions may start paring back without fresh EUR-positive news

  • Soggy equities due to spike in COVID infections may support USD and JPY nL8N2I8031

  • Support at the 10-day MA at 1.1837 and break targets 21-day MA at 1.1793

  • Flows likely to be very light in Asia with Tokyo on holiday

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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