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Nov 09 - 09:55 PM

EUR/USD - Setup Remains Positive, Despite A Dip, Large Strikes

By Andrew M Spencer  —  Nov 09 - 07:00 PM

  • Steady after closing -0.6% as safe haven USD climbed on election uncertainty

  • Yield spreads weighed on euro, 30yr bund -9bp 2.098%, 30yr UST +1bp 4.271%

  • EU consumers see higher inflation and lower economic growth nL1N3250WD

  • Expecting tight ranges into U.S. CPI on Thursday, then potential volatility

  • Charts; momentum studies, 5, 10 & 21 day moving averages edge higher

  • 21 day Bollinger bands rise - positive daily charts below key Oct 1.0093 top

  • Close above 1.0100 would target a test of 1.0198 September peak

  • 0.9990 1.207 BLN, 1.000 1.382 BLN and 1.0020/25 699mln close strikes

For more click on FXBUZ


Source:
Refinitiv IFR Research/Market Commentary

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