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Nov 01 - 02:36 AM
EUR/USD - Making The Right Moves For Assault On 200-Day, Fibo
First appeared on eFXplus on Nov 01 - 01:05 AM
  • EUR/USD, last at 1.1164 on EBS, setup for assault on 200 DMA at 1.1197

  • Bounce off 1.1149 base of Bollinger uptrend channel is positive

  • Risk appetite returns on surprisingly strong China Caixin PMI nL3N27G23F

  • Break of 200 DMA likely to trigger substantial stoploss-related buying

  • Closing above Fibo resistance 1.1208 would be even more bullish

  • US NFP later might have little impact after Fed signalled pause











Source:
Refinitiv IFR Research/Market Commentary

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