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Nov 13 - 03:55 AM
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EUR/USD - Where EUR/USD Closes On Friday Is Very Important
By Jeremy Boulton — Nov 13 - 02:40 AM
• EUR/USD is set to close below 200-WMA at 1.1105
• Drop to 1.0873 may follow a close below 1.1105
• A close back over 1.1105 could spring a bear trap
• 21-WMA has just crossed below 100-WMA - bearish
• Rough 1.05-1.01 fall followed this signal in Dec 2024
• That drop was followed by a rise above 1.20
• EUR/USD slides on lots of speculation, little substance
EURUSD
(Jeremy Boulton is a Reuters market analyst. The views expressed are his own)
Source:
London Stock Exchange Group | Thomson Reuters