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Nov 08 - 01:55 AM

EUR/USD - Finds Support After Drifting Lower In Early Trading

By John Noonan  —  Nov 07 - 10:31 PM
  • EUR/USD opened 1.1560 after closing Friday at 1.1566

  • It traded down to 1.1554 when USD broadly edged higher in early Asia

  • Heading into the afternoon it is settling around 1.1560 - little changed

  • EUR/USD resistance is at 1.1590/1.1600 where the 10 & 21-day MAs converge

  • Support comes in at Friday's 1.1513 low and 50% retracement at 1.1492

  • Range trading likely to continue while those levels hold

  • For more click on FXBUZ









Source:
Refinitiv IFR Research/Market Commentary

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