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Nov 30 - 01:55 AM

EUR/USD - Drifts Higher Ahead Of Key Events

By John Noonan  —  Nov 29 - 10:25 PM
  • EUR/USD opened -0.12% at 1.0328 after USD recovered during the US session

  • After trading 1.0319 it drifted higher in a quiet Asian session

  • EUR/USD rose to 1.0352 before settling just below 1.0350 into the afternoon

  • Price action drawn to the 10-day MA at 1.0345

  • Sellers are tipped ahead of 1.0450 and 1.0500

  • Resistance is at the 50% of the 2022 high/low at 1.0511

  • Support is at the 21-day MA at 1.0224 and break increases downward momentum

  • EZ CPI may get a reaction with key event being Powell's speech later today

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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