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Oct 28 - 07:55 PM

EUR/USD - Opens Lower As Lock-Downs And Volatility Bites

By John Noonan  —  Oct 28 - 05:55 PM
  • EUR/USD opens 0.42% lower after EUR fell against the USD and JPY

  • Large risk selloff and lock-downs in Germany and France weighed on EUR nL1N2HJ0QLnL1N2HJ2VQ

  • EUR/USD traded as low as 1.1718 with support at double-bottom at 1.1685/90

  • Resistance is at 21-day MA at 1.1776 and 10-day MA at 1.1795

  • EUR/USD may consolidate ahead of ECB meeting later today

  • EUR/USD may come under renewed pressure if ECB indicates more easing to come

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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