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Nov 06 - 09:48 PM
EUR/USD - Cloud And Fibo Support At 1.1065 Proving Resilient
First appeared on eFXplus on Nov 06 - 07:10 PM
  • Touch firmer, after closing -0.1% with an inside day - bears gain traction

  • EU economy continues to struggle - IMF outlook downgrade weighs nB5N23D02E

  • Falling momentum studies, bearish 5 DMA cross of 10 DMA - negative setup

  • 1.1065, 38.2% of the October bounce and cloud top proving resilient support

  • Sustained 1.1065 break would initially target 1.1029 50% of the October rise

  • 1.1065, then 1.1050 530M strikes and 1.1093 London high support resistance

eur nov 7 Click here

Source:
Refinitiv IFR Research/Market Commentary

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