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Refinitiv
Nov 19 - 11:00 PM
EUR/USD - 1.1100 Vulnerable, But Little To Suggest A Trend
First appeared on eFXplus on Nov 19 - 08:10 PM
  • Another low key day in Asia, with tight range trading the likely outcome

  • 1.1000-05 1.1BLN, 1.1045-55 500M and 1.1115 611M close strikes look safe

  • Daily topside cloud break was sustained yesterday - a positive signal

  • Targets a break of Monday's 1.1090 high, then 1.1107, 61.8% Nov dip

  • Horizontal Tenkan & Kijun lines do not suggest a trending move

  • 1.1064 cloud top is now initial support, 1.1084 Kijun line resistance

eur nov 20 Click here

Source:
Refinitiv IFR Research/Market Commentary

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