By Andrew M Spencer — Nov 10 - 06:30 PM
-0.05% after closing down 0.8% with the U.S. dollar up 0.55%
Chancellor Olaf Scholz agreed to an earlier German confidence vote
Europe needs a functioning German government as soon as possible
Charts - negative daily momentum studies, 21-day Bollinger bands slip
5, 10 & 21-day moving averages edge lower, signals retain a bearish setup
1.0778/1.0826 5, 10 & 21 DMAs, then last week's 1.0937 high first resistance
Wednesday's 1.0682 base and 1.0666 June low are the initial support
1.0700 1.220 BLN and 1.0780 1.164 BLN are the major close strikes for Nov 11
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Source:
Refinitiv IFR Research/Market Commentary