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Nov 29 - 02:36 AM
EUR/USD - Frozen Price Action As Market Awaits Fresh Lead
First appeared on eFXplus on Nov 28 - 10:15 PM
  • EUR/USD opened 1.1012 and traded in a 1.1008/13 range through the morning

  • Market hesitant to pick a direction due to US-China trade talk uncertainty

  • Support at Nov 12 low at 1.0989 and break should see follow-through

  • Resistance at 1.1035/40 where the 10 and 55-day MAs converge

  • Sentiment bearish due to contrasting US and EZ data

  • Helping to underpin EUR/USD has been he easing of US Treasury yields

  • EZ CPI out later today and could cause price action if outside expectations






eur/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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