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Oct 27 - 09:55 PM

EUR/USD - Potential Volatility As ECB And Market Pricing Grapple

By Andrew M Spencer  —  Oct 27 - 08:46 PM

  • -0.1% with the USD firmer, after closing +0.1%, as consolidation extends

  • ECB expected to push back over mounting rate-hike expectations nL8N2RN6HN

  • Market pricing far more hawkish than the ECB outlook - potential fireworks

  • Charts, 21 day Bolli bands flat line, 5 10 & 21 day moving averages conflict

  • Neutral momentum studies - no real bias suggests further consolidation

  • 1.1656 upper 21 day Bolli and 1.1669, 38.2% Sep-Oct fall major resistance

  • 1.1585 Europe low first support, and 1.1522 October low likely range base

  • 1.1600/10 1.649 BLN strikes likely cap in Asia

For more click on FXBUZ


eur Oct 28 Click here

Source:
Refinitiv IFR Research/Market Commentary

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