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Nov 03 - 08:55 PM

EUR/USD - Opens Higher After Post-Fed Bounce

By John Noonan  —  Nov 03 - 06:45 PM
  • EUR/USD opens 0.28% higher after getting a lift following Fed decision

  • Fed tapered QE as expected, but Powell push back on early rate hikes nL1N2RT12T

  • EUR/USD traded as low as 1.1563 earlier in the day

  • It is testing the 10-day MA, which comes in at 1.1611 today

  • A close above the 10-day MA re-ignites pressure to the upside

  • Support is at yesterday's 1.1563 low with buyers tipped 1.1535/45

  • Key resistance is around 1.1690 where daily tops and 55-day MA found

  • Immediate-term bias is up while 21-day MA at 1.1601 holds

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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