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Nov 09 - 01:55 AM

EUR/USD - Consolidates Gains Ahead Of Key 1.0100 Level

By John Noonan  —  Nov 08 - 10:35 PM
  • EUR/USD opened +0.56% at 1.0073 after US-DE yield spread narrowed nL1N324233

  • It dipped to 1.0059 early Asia when USD clawed back some lost ground

  • Riaks assets in Asia remained buoyant and USD gave back early gains

  • Heading into the afternoon the EUR/USD is around 1.0080

  • Support is at former resistance at the 100-day MA at 1.0038

  • Resistance is at the double-top formed around 1.0095

  • A break above 1.0100 targets the Sep 12 high at 1.0198

  • Key today will be bond market reaction to US CPI

  • A hotter than expected number wil likely support USD

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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