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Nov 14 - 01:55 AM

EUR/USD - Pivots Around 1.0700 Ahead Of US CPI

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

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