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Nov 11 - 07:55 PM

EUR/USD - Opens Lower As Shift In Focus Weighs On Pair

By John Noonan  —  Nov 11 - 06:00 PM
  • EUR/USD opens 0.28% lower at 1.1778 after trading as low as 1.1745

  • Shift in focus to yield spread and away from risk-on/risk-off weighs

  • EUR/USD consolidating between 21-day MA at 1.1771 and 55-day MA at 1.1781

  • Next support is at 61.8 of the 1.1602/1.1920 move at 1.1723

  • Sellers tipped ahead of 1.1850 and break above eases downward pressure

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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