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Nov 18 - 08:55 PM

EUR/USD - Bounce Stalled, Positive Setup, EU Budget Deal Vital

By Andrew M Spencer  —  Nov 18 - 06:45 PM
  • Flat after closing little changed with an inside day after topping in Europe

  • France says EZ could move on budget without Poland, Hungary nL1N2I42ZG

  • As coronavirus expands economic aid vital for 2021 EU economic growth

  • 1.1795-1.1800 400M, 1.1870-75 500M, and 1.1900 555M today's close strikes

  • Techs; neutral momentum studies, 5, 10 & 21 DMAs rise - net positive setup

  • Targets a test of 1.1920, November high and 1.1931 upper 21 day Bolli band

  • Close below last week's 1.1745 base needed to end the topside bias

  • NY 1.1834 10 DMA and NY 1.1877 top initial support-resistance

For more click on FXBUZ


eur nov 19 Click here

Source:
Refinitiv IFR Research/Market Commentary

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