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Nov 04 - 01:55 AM

EUR/USD - Consolidates Above 1.1600 After Getting Boost From Fed

By John Noonan  —  Nov 03 - 11:17 PM
  • EUR/USD opened +0.28% at 1.1612 after getting late boost from dovish Fed nL1N2RT12T

  • It only managed a 1.1600/16 range with Singapore on holiday

  • Heading into the afternoon EUR/USD was trading around 1.1605

  • EUR/USD is trading around the 21-day MA at 1.1601 and 10-day MA at 1.1611

  • Key resistance is at 1.1690 where the 55-day MA and daily tops are found

  • Buyers are tipped between 1.1535/45 with support at trend low at 1.1522

  • Bias if for higher in immediate-term after Fed was less hawkish than expected

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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