By Robert Fullem — Nov 27 - 01:40 PM
EUR/USD is on pace for its best day since Aug. 2 amid short-covering, month-end flows and lower Treasury yields
Euro's advance comes amid weakness in US tech shares and a jump in bitcoin
EUR/JPY's drop and bearish sentiment amid French political turmoil and Ukraine developments help to limit gains
Solid resistance is at the 1.0601 April 16 low, last week's 1.0610 top and the 21-DMA at 1.0643
Nearby support is seen at the prior pivot level of 1.05
Data Thursday incudes Nov. German CPI and Euro zone economic sentiment
President-elect Trump taps retired lieutenant general Keith Kellogg to serve as a special envoy for Ukraine conflict
Pair needs to hold day's low of 1.0475 to keep momentum positive
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary