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Nov 04 - 08:55 PM

EUR/USD - Touch Firmer, Strikes Cap - Uncertainty Everywhere

By Andrew M Spencer  —  Nov 04 - 07:50 PM
  • +0.1%, USD softer, after volatility but little change on U.S. election

  • Biden leads, but U.S. election descends into litigation nL1N2HQ0VQ

  • Long drawn out conclusion to the U.S. election would be likely risk negative

  • Brexit negotiations appear to be making little real progress nL8N2HQ6AX

  • Market remains optimistic of a bare bones deal, but the clock/COVID-19 tics

  • Charts; momentum studies, 5, 10 & 21 DMAs conflict - neutral setup

  • 1.1600-1.2000 three month range rules - base resilient on Wednesday

  • NY 1.1681-1.1745 range initial support-resistance - 1.1750 1.018 BLN strikes

For more click on FXBUZ



eur nov 5 Click here

Source:
Refinitiv IFR Research/Market Commentary

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