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Nov 14 - 08:55 PM

EUR/USD - Heavy As Coronavirus Outbreaks And Resilient USD Cap

By Andrew M Spencer  —  Nov 14 - 07:26 PM

  • Steady after closing little changed Friday, but news and charts weigh

  • Migrants again a major and politically devisive issue for EU nL8N2S32SX

  • EU's battle with the coronavirus far from over as winter looms nL1N2S30S7

  • Re-imposing COVID-19 restrictions would hit the recovering economy hard

  • Technicals - 5, 10 & 21 day and week moving averages track south

  • 21 day Bollinger bands expand, while daily momentum studies slide

  • Strong bearish trending signals return after 5 weeks of consolidation

  • Little support ahead of 1.1290, which is 61.8% of the 2020-2021 rise

    For more click on FXBUZ


eur Nov 15 Click here

Source:
Refinitiv IFR Research/Market Commentary

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