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Nov 02 - 10:55 PM

EUR/USD - Range Strong, But FOMC Potential Catalyst For A Break

By Andrew M Spencer  —  Nov 02 - 08:47 PM

  • Steady after closing off 0.25% amid broad based U.S. dollar strength

  • USD likely leads today driven by Fed outlook and forecasts nL1N2RT1T0

  • EU-UK friction over N.Ireland looks set to intensify nS8N2PR00V

  • Charts - 5, 10 & 21 day moving averages coil, 21 day Bolli bands flat line

  • Daily momentum studies conflict - mixed signals suggest range trading

  • 1.1522/25 October low and lower 21 day Bollinger band are key support

  • 1.1669 upper 21 day Bolli band and 1.1692 October high major resistance

  • 608 MLN 1.1545/60 and 1.1585/00 1.122 BLN are Wednesday's close strikes

For more click on FXBUZ


euur Nov 3 Click here

Source:
Refinitiv IFR Research/Market Commentary

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