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Nov 20 - 11:55 AM

EUR/USD - Safe Havens Go Bid On Geopolitical Tensions

By Christopher Romano  —  Nov 20 - 09:35 AM
  • EUR/USD fell sharply, added to losses hit 1.05245 on EBS early NY

  • Report Ukraine fired UK Storm Shadow missiles into Russia weighed

  • Safe-havens US$ & Japan's yen went bid; EUR/JPY fell to 163.60 on EBS

  • Stocks ESv1 turned lower while gold XAU= added to gains

  • EUR/USD bounced off the low but still traded down -0.54%

  • Techs are bearish; RSIs falling, bear flag continuation on daily chart

  • 1.0450/1.0500 zone remains key support, if breaks parity is in focus

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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