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Nov 08 - 08:55 PM

EUR/USD - Range Rules - Catalyst Needed For A Breakout

By Andrew M Spencer  —  Nov 08 - 07:09 PM

  • Steady after closing up 0.15% with risk on and the safe-haven USD lower

  • EU members agree the EU Commission to be sole enforcer of tech rules

  • This will give Europe more leverage in big tech negotiations nL1N2RZ2JC

  • Techs- 5, 10 & 21 day moving averages flat line, 21 day Bolli bands contract

  • Daily momentum studies conflict- mixed signals suggest further range trading

  • 1.1550 European low Oct and 1.1534 lower 21 day Bollinger band first support

  • 1.1595 NY high then 1.1601 21 day moving average are initial resistance

  • 1.1550 1.750 BLN and 1.1650 539 MLN are Tuesday's close strikes

For more click on FXBUZ


eur Nov 9 Click here

Source:
Refinitiv IFR Research/Market Commentary

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