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Nov 01 - 11:55 PM

EUR/USD - Consoidates In Quiet Start To A Busy Week

By John Noonan  —  Nov 01 - 09:55 PM
  • EUR/USD opened around 1.1650 and traded in a 1.1638/1.1654 range

  • Heading into the afternoon it is unchanged at 1.1645/50

  • EUR/USD likely to consolidate head of the U.S. election result

  • Support is at the Sept 25 low at 1.1612

  • A clear break below 1.1600 targets the 38.2 of 1.0637/1.2014 at 1.1487

  • Close resistance is at the 100-day MA at 1.1657

  • Strong resistance is around 1.1765 where the 10 & 21-day MAs converge

  • Concerns over the rise of cocornavirus infection in EZ likely to cap EUR/USD
    For more click on FXBUZ









eur 1 Click here

eur 2 Click here

Source:
Refinitiv IFR Research/Market Commentary

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