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Nov 10 - 11:55 PM

EUR/USD - Edges Lower As USD Retains Bid Tone In Asia

By John Noonan  —  Nov 10 - 10:15 PM
  • EUR/USD opened 1% lower after USD broadly gained after hot US CPI nL1N2S1313

  • After opening at 1.1477 it traded in a 1.1465/87 range in Asia

  • Heading into the afternoon it is around session lows

  • EUR/USD trending lower with no strong support ahead of 1.1290 fibo support

  • Resistance is at the 10-day MA at 1.1562 and break would ease pressure

  • EUR/USD likely to syay weak while Fed expectations remain hawkish

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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