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Oct 14 - 08:55 PM

EUR/USD - USD Led Slide Leaves The Euro Above Major Support

By Andrew M Spencer  —  Oct 14 - 07:15 PM
  • Steady after closing off 0.25% with the resilient U.S. dollar up 0.3%

  • US election holds no silver lining for the Eurozone, especially a Trump win

  • EU and German ZEW, EU industrial production lead today's data- modest impact

  • Charts - daily momentum studies slip, 21-day Bollinger bands expand

  • 5, 10 & 21-day moving averages track lower, a negative trending setup

  • Thursday's 1.0955 high, then last week's 1.0997 top are initial resistance

  • 1.0874/76, 0.618% Jun/Sep rise and the 200-day moving average major support

  • 1.1000 3.334BLN is the only significant strike for October 15th

    For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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