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