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Oct 27 - 08:55 PM

EUR/USD - Breaks Support As COVID Concerns Intensify

By John Noonan  —  Oct 27 - 06:45 PM
  • News that France is aiming to lockdown has pushed the EUR/USD below support nL1N2HI307

  • EUR/USD below the 38.2 of 1.1612/1.1880 at 1.1781 and 21-day MA at 1.1776

  • Next support is at the 50% of that move at 1.1746 with trend-line at 1.1740

  • Report on the French lockdown heightens concerns of worsening EZ slowdown

  • ECB meets Thursday and will likely deliver dovish guidance

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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