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Nov 10 - 07:55 PM

EUR/USD - Break Lower Potentially The Start Of A Large Fall

By John Noonan  —  Nov 10 - 05:58 PM
  • EUR/USD opens 1.0% lower after USD gained on spike in Fed hike expectations nL1N2S1313

  • US yields higher as hot CPI undermines Fed's "transitory" view on inflation nL1N2S11BJ

  • EUR/USD break below 1.1500 leaves pair vulnerable for a larger move lower

  • Next support of note isn't until the 61.8 of the 1.0636/1.2349 move @ 1.1290

  • Resistance is at the 10-day MA at 1.1562 with sellers 1.1500/20

  • For more click on FXBUZ









Source:
Refinitiv IFR Research/Market Commentary

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