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TDUX
Oct 12 - 01:55 AM
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EUR/USD - Consolidates In Asia, All Eyes On Energy Markets

By James Connell  —  Oct 11 - 10:13 PM

• EUR/USD +0.1% Mon as energy supply anxiety abates slightly, WTI down 1.9%

• EUR down cumulative 4.3% from Aug 21 1.1711 high, downtrend remains intact

• Pair targets 1.1065 17-month low, break opens door for move towards 1.0733

• Trump pressures Ukraine towards accepting energy ceasefire with Russia

• Houthis Riyadh airport attack has Trump considering Saudi military support

• Markets remain cautious on FR debt problems despite spending cut promises

• Euro zone Aug industrial production due Thur, prior -0.1% m/m, flat y/y

• Range Asia 1.1185-1.1217, support 1.1065 1.0733, resistance 1.1710 1.1850
EUR Daily 21/55/100-DMA


(James Connell is a Reuters market analyst. The views expressed are his own.)

Source:
London Stock Exchange Group | Thomson Reuters
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