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Nov 13 - 07:55 PM

EUR/USD - Fresh 2024 Low, As Long End Treasury Yields Climb

By Andrew M Spencer  —  Nov 13 - 05:55 PM
  • -0.05% after closing down 0.6% with the U.S. dollar up 0.45%

  • ECB's Villeroy: Trump's economic agenda risks a global inflation return

  • There is no tier one EZ data today, so risk appetite and the USD lead EUR

  • Charts - daily momentum studies slide as 21-day Bollinger bands expand

  • 5, 10 & 21-day moving averages fall, signals show a bearish trending setup

  • Tuesday's 1.0663 top then Monday's 1.0728 high are initial resistance

  • Close below 1.0608, 0.382% of 2022/2023 rise and 1.0601 2024 low is bearish

  • Next major support is the 1.0448 2023 base, then 1.0402, 0.500% 2022/23 rise

  • 1.0550 1.074 BLN and 1.0600 1.435 BLN are the close strikes for Nov 14th

    For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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