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Nov 17 - 10:55 PM

EUR/USD - Edges Higher In Calm Asian Session

By John Noonan  —  Nov 17 - 10:30 PM
  • EUR/USD opened -0.29% at 1.0365 and traded in a 1.0357/78 range

  • Mood in Asia was generally upbeat with the AXJ index rising 0.70%

  • Heading into the afternoon the EUR/USD is settled around 1.0370

  • Hawkish Fed expectations likely to cap EUR/USD gains for now

  • Resistance is at the 200-day MA at 1.0413 and close above would be bullish

  • EUR/USD trending higher with the 5, 10 & 21-day MAs in a bullish alignment

  • Support is at the 10-day MA at 1.0246 and break would ease upward pressure

  • Range trading likely, as there isn't any key data out today

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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