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Nov 25 - 10:55 PM

EUR/USD - Holds On To Gains In Quiet Holiday Trading

By John Noonan  —  Nov 25 - 10:00 PM
  • EUR/USD opened 0.16% higher at 1.1913 after USD broadly weakened

  • It traded in a 1.1913/30 range and was 1.1925 into the afternoon

  • Interest was light ahead of Thanksgiving holiday in US today

  • The next level of technical resistance is at the 2020 high at 1.2014

  • Hourly support has formed at 1.1880/85 with the 10-day MA at 1.1870

  • A break below 1.1870 would ease the upward pressure

  • Sentiment bullish with a number of banks calling for sustained USD weakness

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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