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Nov 29 - 05:55 PM

EUR/USD - Poised To Move Higher After Bullish Outside Week

By John Noonan  —  Nov 29 - 04:25 PM
  • EUR/USD gained 0.45% on Friday and closed at a near 3-month high

  • It also completed a bullish outside week - providing momentum for more gains

  • There isn't any resistance of note until the Sept 1 and 2020 high at 1.2014

  • Support is at the 10-day MA at 1.1893 and break would ease upward pressure

  • EUR/USD supported by month-end flows that are deemed to be USD-negative

  • EUR/USD also underpinned by lower US yields and elevated risk appetite

  • For more click on FXBUZ

Refinitiv IFR Research/Market Commentary


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