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Nov 12 - 08:55 PM

EUR/USD - Uptrend Falters, Leaving 1.1723 As Key Support

By Andrew M Spencer  —  Nov 12 - 07:10 PM
  • Flat after closing +0.2%, with an inside day and a third day of lower highs

  • EUR/GBP demand & tightening EU-US yield spreads provided underlying support

  • Choppy 1.1787-1.1817 NY consolidation likely to extend in Asia - news needed

  • 1.1800 334M, 1.1845-55 730M, 1.1870-75 500M and 1.1900 421M strikes

  • Techs; momentum studies, 5, 10 & 21 DMAs conflict - neutral setup

  • Trades around the middle of the November 1.1600-1.1920 range

  • Close below 1.1723, 61.8% of the November bounce would be bearish

  • London 1.1759-1.1823 range is initial support-resistance

For more click on FXBUZ


eur nov 13 Click here

Source:
Refinitiv IFR Research/Market Commentary

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