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Nov 11 - 05:55 AM

EUR/USD - CORRECTED-BUZZ-EUR/USD Dives Toward June's Low Where It May Stop

By Jeremy Boulton  —  Nov 11 - 03:45 AM

Changes July's low to June's

  • EUR/USD dives to 1.0679 EBS in Europe having opened around 1.0720

  • June low which was base for rise to this year's high is 1.0666

  • The 2024 low which traded in April is 1.0601

  • Currently the sell-off is stretched below base 20-day BBs at 1.0740

  • The base of 20-week Bollingers is 1.0660

  • Dip represents opportunity for those short to book profits

Source:
Refinitiv IFR Research/Market Commentary

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