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Nov 21 - 07:55 PM

EUR/USD - Opens Wih Soft Tone After Whippy US Friday Session

By John Noonan  —  Nov 21 - 05:35 PM
  • EUR/USD trading below 1.1290 after closing Friday at 1.1299

  • Rising concerns over 4th COVID wave in Europe weighing of EUR nL1N2SA1KA

  • Hawkish Fed speak also putting pressure on the EUR/USD nL1N2SA1SJ

  • Support at Friday's 1.1250 low and break targets 76.4 fibo at 1.1040

  • EUR/USD trending lower with 5, 10 and 21-day MAs in a bearish alignment

  • A break above 10-day MA at 1.1393 needed to ease downward pressure

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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