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Nov 18 - 09:55 PM

EUR/USD - Offered Tone As USD Gently Bid In Asia

By John Noonan  —  Nov 18 - 08:38 PM
  • EUR/USD under mild pressure after correcting higher yesterday

  • Bids are tipped at 1.1345/50 ahead of hourly support at 1.1325/30

  • EUR/USD ended a six-day sequence of lower lows yesterday

  • A break below yesterday's 1.1314 low would likely energize trend lower

  • Trend lower still in place with 5, 10 and 21-day MAs in a bearish alignment

  • Only a break above the 10-day MA (1.1429) would suggest momentum is waning

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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