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Oct 09 - 06:55 AM

EUR/USD - Snaps Out Of Thurs Lull; Path To 1.20 Reopens

By Peter Stoneham  —  Oct 09 - 04:35 AM
  • Brave call given recent price chop and clouded direction

  • However, focus is away from Europe and its COVID-19 risks

  • U.S. factors dominate and dollar headed for back to back weekly losses

  • Markets beginning to focus on a Biden election win and stimulus potential

  • Reuters/IPSOS poll has Biden narrowly ahead in 5-states nL1N2GZ0T1

  • Fundamental influence joined by option expiries nL1N2GZ09R

  • EUR/USD looks to key 1.1814 Fibo and series of falling tops from 1.1917







EUR/USD daily candle chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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