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Nov 14 - 11:55 PM

EUR/USD - Moves Higher As USD Longs Pare Back In Quiet Asia

By John Noonan  —  Nov 14 - 10:07 PM
  • EUR/USD opened 1.1452 after closing Friday at 1.1443

  • After trading down to 1.1441 it tracked higher as USD broadly eased

  • It is settling around 1.1460 after trading at session high at 1.1464

  • EUR/USD trending lower with 5, 10 & 21-day MAs in a bearish alignment

  • Resistance is at the 10-day MA at 1.1532 and break would ease pressure

  • Support is at Friday's 1.1433 low with no decent support until 1.1290

  • The 61.8 of the 1.0636/1.2349 move is at 1.1290

  • EUR/USD may struggle while concerns grow over new COVID wave in Europe nL1N2S30S7

  • For more click on FXBUZ









Source:
Refinitiv IFR Research/Market Commentary

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