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Nov 13 - 01:55 AM

EUR/USD - Trades In Very Tight Range As Market Awaits Fresh Catalysts

By John Noonan  —  Nov 12 - 10:30 PM
  • EUR/USD opened 1.0680 and traded in a 1.0680/90 range

  • Singapore holiday resulted in limited flows during Asian session

  • EUR/USD upward momentum stalled but key support levels have held

  • The 10-day MA is @ 1.0666, the 55-day MA is @ 1.0640 & 21-day MA is @ 1.0623

  • Key resistance is at the 38.2 of the July/Oct fall at 1.0764

  • Market is looking ahead to key US and EZ data later in the week for impetus nL1N3CB04C

  • The EUR/USD will likely continue following spread between US and EZ yields

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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