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Nov 18 - 11:55 PM

EUR/USD - Sustains Offshore Gains, But The Bias Remains Lower

By Andrew M Spencer  —  Nov 18 - 10:05 PM
  • Trades of 0.1% - quiet session with the U.S. dollar and UST yields steady

  • There is no tier-one Eurozone data - US building permits modest event risk

  • Two undersea cables in Baltic Sea cut, Germany and Finland fear sabotage

  • Charts - mixed daily momentum studies as 21-day Bollinger bands expand

  • 5, 10 & 21-day moving averages fall, signals show a bearish trending setup

  • 1.0635 10-day moving average and last week's 1.0728 high initial resistance

  • Last week's 1.0496 trend base, then the 1.0448 2023 low are first supports

  • 1.0590 810mln and 1.0600 1.011 BLN and 1.0650 2.417 BLN Nov 19 close strikes

For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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