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Nov 05 - 12:12 AM
EUR/USD - Descent Stalled But Turnaround Not In The Cards Yet
First appeared on eFXplus on Nov 04 - 10:00 PM
  • EUR/USD decent has stalled as risk appetite perks up again; last 1.1123

  • Ahead of 20 DMA support at 1.1098, signs of turnaround still absent

  • Bullish bias returns on EBS close inside 1.1154 Bollinger uptrend channel

  • But buoyant Asia equities on US-China trade progress may help EUR

  • US said to be mulling recall on China tariffs imposed in Sept nL2N27K1VK

  • China's easing of key 1-yr rate contributes to positive mood nB9N26W03M













Source:
Refinitiv IFR Research/Market Commentary

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