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Nov 26 - 11:55 PM

EUR/USD - Strikes Contain, Uncertainty Rules, Trend Is Lower

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

For more click on FXBUZ

Source:
London Stock Exchange Group | Thomson Reuters

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