By Andrew M Spencer — Nov 26 - 06:30 PM
Steady after a volatile Tuesday, with EUR/USD off 0.1% and the USD flat
ECB policymakers grow nervous about weak economic growth, Trump tariffs
The current Eurozone economic outlook should cap EUR/USD rallies
Charts - conflicting daily momentum studies as 21-day Bollinger bands slip
5, 10 & 21-day moving averages track lower, the bearish setup continues
Last week's 1.0610 top and then the 1.0650 21 DMA are the first resistance
Tuesday's 1.0425 base and then Friday's 1.0331 low are initial supports
1.0475 1.529 BLN and 1.0500 4.889 BLB close strikes for Nov 27th
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Source:
Refinitiv IFR Research/Market Commentary