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Nov 14 - 07:55 PM

EUR/USD - Quiet Start After Friday's Narrow Range

By John Noonan  —  Nov 14 - 06:31 PM
  • EUR/USD sat on the sidelines Friday, as the action was in risk currencies

  • It traded in a 1.1433/62 range before closing a few pips lower at 1.1442

  • EUR underperformed, as rise in COVID infections jeopardises recovery nL1N2S30S7

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

  • There isn't any decent support until 1.1290, which is 61.8 of 2020/2021 move

  • Resistance is at the 10-day MA at 1.1530 with sellers tipped ahead of 1.1515

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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