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Nov 05 - 11:00 PM
EUR/USD - Consolidates Just Above Key Short-Term Support
First appeared on eFXplus on Nov 05 - 09:45 PM
  • EUR/USD opened 0.5% lower at 1.1074 and traded in a 1.1066/77 range

  • Pair grimly holding support at 1.1065, which is the 38.2 of 1.0879/1.1180

  • Rising US 10-year yield giving USD broad support and pressuring EUR/USD

  • More support is at the 55-day MA at 1.1044 and break should see sub-1.1000

  • Sellers tipped above 1.1100 as sentiment turns bearish

  • EZ retail sales and services PMI out today along with German IO






eur/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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