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Nov 26 - 12:12 AM
EUR/USD - Buyers Around 1.1000 Holding For Now But No Bounce
First appeared on eFXplus on Nov 25 - 10:05 PM
  • EUR/USD consolidated ahead of 1.1000 in a 1.1007/15 range in Asia

  • Sentiment remains bearish, but bids ahead of 1.1000 holding for now

  • Support Nov 14 low @ 1.0989 and break targets 76.4 of 1.0879/1.1180 @ 1.0950

  • Resistance around 1.1040 where the 10 and 55-day MAs converge

  • Break above 1.1050 could see short-covering rally ensue

  • US-China trade deal optimism may help push up US yields and weigh on EUR/USD nB9N1RH02M







eur/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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