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Nov 30 - 05:55 PM

EUR/USD - Completes Bullish Outside Day After Whippy Session

By John Noonan  —  Nov 30 - 05:27 PM
  • EUR/USD opens +0.38% after an extremely whippy US session

  • It traded to 1.1387 high before sliding to 1.1235 on hawkish Powell comments nL1N2SL1O5

  • EUR/USD then stormed back to close @ 1.1336 and complete bullish outside day

  • EUR benefiting from short-covering when Omicron news spikes uncertainty nL4N2SL38M

  • Resistance is at 21-day MA at 1.1387 and break targets 38.2 fibo at 1.1462

  • Support @ 10-day MA @ 1.1284 - after closing above for 3 straight days

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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