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Nov 03 - 09:55 PM

EUR/USD - Mid Range As ECB Push Back Against Inflation Fears

By Andrew M Spencer  —  Nov 03 - 08:09 PM

  • Steady after closing up 0.25% amid broad based U.S. dollar strength post Fed

  • ECB pushes back on higher yields - 2022 rise 'very unlikely' nL8N2RU2Z8

  • Fed, ECB and RBA all believe energy prices, supply chain issues will subside

  • Charts - 5, 10 & 21 day moving averages coil, 21 day Bolli bands edge higher

  • Daily momentum studies conflict - mixed signals suggest range trading

  • 1.1522/32 October low and lower 21 day Bollinger band are key support

  • 1.1671 upper 21 day Bollinger band and 1.1692 October high major resistance

  • 517 MLN 1.1600 and 1.1620/25 580 MLN are Thursday's close strikes

For more click on FXBUZ


eur Nov 4 Click here

Source:
Refinitiv IFR Research/Market Commentary

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