By John Noonan — Nov 13 - 10:25 PM
EUR/USD opened +0.10% at 1.0698 and traded in a narrow 1.0695/1.0702 range
Market in Asia on hold ahead of key US CPI later today
Impact of US CPI on US yields will impact USD direction
Support is @ 10-day MA at 1.0679, 55-day MA @ 1.0637 and 21-day MA @ 1.0630
A close below 1.0630 would shift the pressure to the downside
Resistance is at 38.2 of July/Oct fall at 1.0764 and break would be bullish
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary