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Nov 11 - 08:55 PM

EUR/USD - Back Mid Range, As The USD Leads, Moving With Risk

By Andrew M Spencer  —  Nov 11 - 07:40 PM
  • Flat after falling 0.4% on broad based USD strength, as USD moves with risk

  • Ireland sees EU-UK trade talks going past mid-November deadline nL8N2HX2Z0

  • Next week is likely the last opportunity for a deal, market is optimistic

  • 1.1765 350M, 1.1800-05 750M and 1.1825-30 620M are today's close strikes

  • Techs; momentum studies, 5, 10 & 21 DMAs conflict - neutral setup

  • At familiar levels in the middle of the November 1.1600-1.1920 range

  • Close below 1.1723, 61.8% of the November bounce would be bearish

  • NY 1.1745 low and London 1.1828 high initial support-resistance

    For more click on FXBUZ

eur nov 12 Click here

Source:
Refinitiv IFR Research/Market Commentary

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