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Thomson Reuters
Nov 01 - 08:36 PM
EUR/USD - Huge 1.1400 Strikes A Likely Magnet In Asia
First appeared on eFXplus on Nov 01 - 06:55 PM
  • Softer early after a 0.9% bounce, which leaves a double bottom at 1.1300
  • USD longs pared back on US/China trade war optimism nL3N1XC3NZ
  • Momentum studies conflict, 5, 10 & 21 DMAs remain net bearish
  • Close above 1.1394 10 DMA suggests a period of consolidation
  • 1.1463 21 DMA is pivotal resistance - close above would be bullish
  • 1.1400 2.6BLN strikes a magnet - 1.1350-55 1.2BLN & 1.1450-60 1BLN

eur nov 2 Click here

Source:
Thomson Reuters IFR Markets

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