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Nov 10 - 03:55 PM

EUR/USD - Bears Thwarted By 55-DMA Support

By Christopher Romano  —  Nov 10 - 01:35 PM
  • EUR/USD dips below 55-DMA in Europe am, bounce ensues, NY opens near 1.1975

  • Tighter DE-US spreads, equity bounce off low, oil gains help bounce extend

  • Pair climbs above daily cloud top, trades to 1.18345 (EBS) then sinks again

  • Equity bounce fades & US$ firms, EUR/USD nears flat, sits near 1.1815 late

  • Daily doji candle forms which suggests short-term indecision from investors

  • Vaccine news, Fed, ECB could be impediments for EUR/USD bulls nL1N2HW1LH

  • For more click on FXBUZ





eur/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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