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Thomson Reuters
Nov 28 - 12:12 AM
EUR/USD - Consolidates In Asia Ahead Of Powell
First appeared on eFXplus on Nov 27 - 10:25 PM
  • EUR/USD has traded in a narrow 1.1284/99 range during a quiet Asian session
  • More range trading likely ahead of speech by Fed's Powell later today
  • Market looking for clarity from Fed on likely pace of further tightening
  • Vice Chair Clarida spoke yesterday and stressed Fed was data dependent
  • Support at Nov 12/13 lows at 1.1215/20
  • Resistance at 1.1355/65 where 10 and 21-day moving averages converge

eur/usd Click here

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