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Nov 27 - 11:00 PM
EUR/USD - Edges Higher As USD Offered On Trade Deal Doubts
First appeared on eFXplus on Nov 27 - 09:40 PM
  • The EUR/USD opened 1.0999 after testing support on solid US data nL1N2870SB

  • It attained a bid tone when GBP/USD gained on latest poll nL4N2874TC

  • News Trump signed legislation backing HK protesters sent USD lower nL4N2874N5

  • EUR/USD edged up to 1.1012 before sellers capped rally

  • Heading into the afternoon it was trading around 1.1005

  • Support is found at the Nov 14 low at 1.0989 with buyers above 1.0990

  • Resistance is around 1.1040 where the 10 & 55-day MAs converge

  • Barring headlines, action to be limited by US Thanksgiving holiday







eur/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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