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Nov 01 - 09:55 PM

EUR/USD - Daily Ichimoku Cloud Contains - Break Directional

By Andrew M Spencer  —  Nov 01 - 08:00 PM

  • Steady after closing off just 0.1%, though volatile trading intraday

  • ECB's Nagel "There's still a long way to go" with rate hikes nL1N31X21Q

  • Tight euro range likely in Asia ahead of Wednesday's FOMC rate decision

  • Charts; momentum studies, 5, 10 & 21 day moving averages crest or fall

  • 21 day Bollinger bands contract - daily charts show a neutral setup

  • Daily Ichimoku cloud top, capped since Feb 2022 - resistance today at 0.9948

  • Close outside 0.9826-0.9948 daily cloud would likely extend further

  • 0.9800 1.018 BLN, 0.9820/25 1.004 BLN and 0.9900 862 mln close strikes

For more click on FXBUZ


Source:
Refinitiv IFR Research/Market Commentary

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