By John Noonan — Oct 31 - 06:35 PM
EUR/USD opens -0.37% after a whippy session ending in a reversal lower
Soft EZ inflation contrasted with hotter than expected US wage inflation nL1N3C119VnL1N3C119V
Yield spread between US and Germany widened in favour of the USD nL1N3C12ODnL1N3C110X
Surging USD/JPY after BOJ decision broadly supported USD in the end nL1N3C12DJ
EUR/USD continued to whip between 1.05/1.07 without trending
The 55-day MA breifly broke, but still provided strong resistance
It comes in at 1.0663 today and close above would be bullish
EUR/USD support is at the 2023 low at 1.0448 with bids around 1.0520
Range trading likely to continue ahead of FOMC decision later today
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary