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Nov 04 - 10:55 PM

EUR/USD - Key Support Held - Large 1.1550 Strikes Contain

By Andrew M Spencer  —  Nov 04 - 08:46 PM

  • Touch softer after closing off 0.5% on sterling led USD strength

  • ECB's aware of inflation fears; excessive criticism no help nL1N2RV2BB

  • Charts - 5, 10 & 21 day moving averages coil, horizontal 21 day Bolli bands

  • Daily momentum studies flat line - mixed signals suggest range trading

  • 1.1522/26 October low and lower 21 day Bollinger band are key support

  • Lower 21 day Bolli band a base on Thursday and should remain resilient

  • 1.1573 NY high then 1.1616 Asian top Thursday are initial resistance

  • 1.1525 1.084 BLN strikes support and 1.1550 1.101 BLN a magnet in Asia

For more click on FXBUZ


eur Nov 5 Click here

Source:
Refinitiv IFR Research/Market Commentary

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