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Nov 21 - 11:55 PM

EUR/USD - Poised Above Key Support - Geopolitics Weighs

By Andrew M Spencer  —  Nov 21 - 10:05 PM
  • -0.05% in a tight 1.0467-1.0477 range, in a quiet FX majors Asian session

  • European PMIs lead data risk, ECBs Lagarde, and Buba President Nagel Speak

  • Russia fired a hypersonic intermediate-range ballistic missile at Ukraine

  • Tensions appear to be rising in the conflict, which caps EUR/USD

  • Charts - daily momentum studies slip as 21-day Bollinger bands expand

  • 5, 10 & 21-day moving averages track lower, as the downtrend extends

  • Thursday's 1.0555 high, then this week's 1.0610 top are the first resistance

  • The 1.0448 2023 low and 1.0402 0.5% of the 2022/23 rise are in sight

  • 1.0475 990 mln and 1.0500 3.235 BLN are the close large Nov 22 strikes

    For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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