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Nov 18 - 01:55 AM

EUR/USD - Edges Higher As Short-Covering Underpins

By John Noonan  —  Nov 17 - 10:21 PM
  • EUR/USD opened unchanged around 1.1320 and traded 1.1316/38

  • Heading into the afternoon it is settling around 1.1330

  • USD broadly eased in Asia and led to EUR/USD shorts to pare back

  • EUR/USD is oversold and may need to correct higher in immediate-term nL4N2S90A8

  • EUR/USD trending lower with 5,10 & 21-day MAs in a bearish alignment

  • Selling rallies while 10-day MA at 1.1445 holds is the favoured strategy

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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