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Nov 26 - 07:55 PM

EUR/USD - Steady After A Volatile Session - Bias Remains Lower

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

    For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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