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Oct 19 - 09:55 PM

EUR/USD - Seeks Direction, Meantime Fading The Range Works

By Andrew M Spencer  —  Oct 19 - 08:10 PM
  • Flat after closing +0.45% on China led growth optimism nL1N2HA0PV

  • Brexit impasse, as the finishing line for a deal approaches nL8N2HA16U

  • No deal or very limited deal still on the table - economic nightmare for UK

  • Charts; 5, 10 & 21 DMAs and momentum studies show neutral signals

  • First significant support comes in at 1.1664, 76.4% Sep/Oct bounce

  • Major resistance comes in at 1.1831, October high and upper 21 day Bolli

  • 1.1759, 38.2% of Monday's bounce & 1.1794 NY high initial support-resistance

  • 1.1745 1.4BLN and 1.1790-1.1800 800M strikes likely contain

    For more click on FXBUZ

eur oct 20 Click here

Source:
Refinitiv IFR Research/Market Commentary

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