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Nov 25 - 08:36 PM
EUR/USD - Sustained Cloud Break, November Low Vulnerable
First appeared on eFXplus on Nov 25 - 06:15 PM
  • Touch firmer after closing -0.1%, as the downside cloud break was sustained

  • Charts - momentum studies 5, 10 & 21 DMAs edge lower modest negative bias

  • Next significant support is 1.0994, 61.8% Oct bounce and 1.0989 Nov low

  • Major resistance, 1.1043 horizontal Tenkan line, then 1.1052/54 tight cloud

  • Fed Chairman Powell speaks at 7.50 AM Singapore - unlikely to surprise

  • ECBs Lane - recent rise in bond yields a sign of less pessimism nL8N2854LO

  • NY 1.1003/1.1025 range is initial support-resistance

eur nov 26 Click here

Source:
Refinitiv IFR Research/Market Commentary

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