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Nov 24 - 05:55 AM

EUR/USD - Tumbles To Fresh 2021 Low Following IFO

By Jeremy Boulton  —  Nov 24 - 05:01 AM
  • EUR/USD slides to 1.1205 EBS after stops hit below 1.1220

  • Today's range 1.1205-55 EBS, renewed weakness followed IFO

  • IFO 96.5 in Nov from 97.7 versus 96.6 f/c

  • Weakness centred upon expectations 94.2 from 95.4

  • Steeply falling 20-Day Bollinger bands allow for deeper decline

  • Base of bands is 1.1167, Jul 1 2020 low 1.1185, Jun 22 2020 low 1.1168




EURUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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