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Oct 22 - 07:55 PM

EUR/USD - Key Resistance Caps, As 'second Wave' Impact Mounts

By Andrew M Spencer  —  Oct 22 - 07:00 PM
  • Flat after closing off 0.35%, amid profit taking, as the USD firmed

  • France extends curfew as COVID second wave surges in Europe nL8N2HD65T

  • Spain yet to decide on curfew to contain 'out-of-control' virus nL8N2HD3FV

  • Second wave will have a major economic impact - tough winter ahead

  • Charts; 5, 10 & 21 DMAs and momentum studies rise - bullish setup

  • Close above 1.1860, 61.8% of the September fall would target 1.2014 Sep top

  • NY 1.1811 low and London 1.1867 high are initial support-resistance

  • 1.1800 728M and 1.1840-50 1BLN are today's close strikes

For more click on FXBUZ


eur oct 23 Click here

Source:
Refinitiv IFR Research/Market Commentary

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