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Nov 20 - 10:55 PM

EUR/USD - Sustains Wednesday's Loss - 1.0500 Remains Vulnerable

By Andrew M Spencer  —  Nov 20 - 10:05 PM
  • +0.05% in a very tight 1.0542-1.0549 Asian EBS range in a quiet session

  • Nasdaq e-mini -0.5% after Nvidia forecasts - could undermine risk appetite

  • EZ consumer confidence leads the data schedule - unlikely to impact

  • Charts - neutral daily momentum studies as 21-day Bollinger bands expand

  • 10 & 21-day moving averages fall, as the bearish trending setup continues

  • 1.0718 21 DMA and last week's 1.0728 high are pivotal resistance

  • Last week's 1.0496 trend low and the 1.0448 2023 low are the first supports

  • 1.0535 680mln, 1.0540 907mln, and 1.0550 1.447BLN Nov 21 strikes may contain

For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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