By John Noonan — Oct 29 - 06:40 PM
EUR/USD trading 1.0560/65 after closing Friday unchanged at 1.0565
Choppy range trading continues as market looks for fresh catalysts
Resistance is at 55-day MA at 1.0673 while support is at 2023 low at 1.0448
Sellers are eyed between 1.060020 with buyers camped between 1.0520/30
Range trading may continue ahead of Fed decision on Wednesday
Key will be bond market moves as yield spreads driving EUR/USD direction
The 10-year US yields have been very choppy between 4.80% and 5.00%
A clear breaks of either levels likely to impact EUR/USD direction
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary