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Nov 21 - 09:55 PM

EUR/USD - Heavy For 1.1040 As COVID Resurgence, Charts Weigh

By Andrew M Spencer  —  Nov 21 - 07:49 PM

  • -0.1%, after Friday's 0.85% loss, as Austria begins lockdown nL8N2SC0OR

  • Germany debates compulsory COVID vaccination amid fourth wave nL1N2SC0A1

  • Protests in Brussels and Holland over COVID restrictions nL1N2SC0FE

  • Coronavirus recurrence undermines the outlook for the economic recovery

  • Charts - 5, 10 & 21 day and week moving averages track south

  • 21-day Bollinger bands slide, while daily momentum studies crest

  • Bearish trending signals target 1.1040 76.4% 2020-2021 rise

  • Close above 1.1392 10 DMA undermines trend - 113.00 822M close strikes

    For more click on FXBUZ


eur Nov 22 Click here

Source:
Refinitiv IFR Research/Market Commentary

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