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