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Nov 15 - 04:55 AM

EUR/USD - Surges The Minute Europe Opens

By Jeremy Boulton  —  Nov 15 - 02:50 AM
  • EUR/USD traded sideways in Asia then raced higher after Europe opened

  • Pair mainly 1.0320-40 in Asia surges to 1.0418 first 48 mins in Europe

  • No obvious trigger for the rally

  • Next big level is 200-DMA at 1.0429, last higher on Jul 5 at 1.0449

  • Close over 1.0490 - 76.4% Jun-Sep drop - would target 1.0774

  • Rally looks stretched - above peak 20-day Bollinger bands at 1.0374


Source:
Refinitiv IFR Research/Market Commentary

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