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Oct 21 - 10:55 PM

EUR/USD - Softer, As The USD Continues To Lead, 1.1850 Strikes

By Andrew M Spencer  —  Oct 21 - 08:05 PM
  • Off 0.1% as the USD firms in early Asian profit taking - E-mini S&P -0.2%

  • U.S. COVID-19 aid talks hit setback as Trump blasts Democrats nL1N2HC1JV

  • Charts; 5, 10 & 21 DMAs and momentum studies rise - bullish setup

  • 1.1871 upper 21 day Bolli band suggest buying dips not breaks here

  • Close above 1.1860, 61.8% of the September fall would target 1.2014 Sep top

  • London 1.1841 low and earlier 1.1863 high are initial support-resistance

  • 1.1850 509M strikes may be a magnet in Asia if it is quiet

For more click on FXBUZ


eur oct 22 Click here

Source:
Refinitiv IFR Research/Market Commentary

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