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Nov 19 - 02:36 AM
EUR/USD - Sideways In Asia Ahead Of Decent Resistance
First appeared on eFXplus on Nov 18 - 10:25 PM
  • EUR/USD traded in a 1.0762/74 range in a quiet Asian session

  • Heading into the afternoon it is unchanged at 1.0772

  • Short-covering has EUR/USD trending higher in recent days as US yields ease

  • Resistance found at the 100-day MA @ 1.1092 & 61.8 0f 1.1180/1.0989 @ 1.1107

  • Support comes in at 1.1040 where the 10 and 55-day MAs converge

  • Lack of data today so news on US-China trade talks will dictate direction






eur/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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