By Andrew M Spencer — Nov 19 - 06:45 PM
-0.05% after closing up 0.55% amid broad risk 'on' USD weakness
Moody's lifted Italy's debt outlook to stable - which was unexpected
Italy's outlook upgraded to stable from negative - positive for PM Meloni
Charts - a bullish outside day on Friday, momentum studies head higher
5, 10 & 21-day moving averages climb, 21-day Bollinger bands expand
A positive trending setup targets 1.0959 61.8% of the 2023 fall
Close below the 1.0806 200-day moving average would end the topside bias
1.0900/05 885mln 1.0920/30 985mln are the close strikes for Nov 20th
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary