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