By Andrew M Spencer — Nov 26 - 10:00 PM
-0.05% in a 1.0479/1.0496 range - low-key after Tuesday's Trump-led moves
Trump's Mexico auto tariffs could hurt Europe's Mexican car factories
The devil will be in the 'detail' of Trump's tariffs - uncertainty rules
Charts - conflicting daily momentum studies as 21-day Bollinger bands slip
5, 10 & 21-day moving averages track lower, the bearish setup continues
Last week's 1.0610 top and then the 1.0650 21 DMA are the first resistance
Tuesday's 1.0425 base and then Friday's 1.0331 low are initial supports
1.0475 1.529 BLN and 1.0500 4.889 BLN strikes for Nov 27th contained in Asia
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Source:
London Stock Exchange Group | Thomson Reuters