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Nov 07 - 12:12 AM
EUR/USD - Grinding Below Fibo Support At 1.1065
First appeared on eFXplus on Nov 06 - 09:55 PM
  • EUR/USD grinding lower due to steady EUR/JPY selling out of Tokyo

  • EUR/JPY is down 0.30% since the NY close while EUR/USD is below 1.1060

  • Fibo support at 1.1065 (38.2 of 1.0879/1.1180) is starting to give way

  • Next support is at the 55-day MA at 1.1044 with option expiries at 1.1050

  • A break below 1.1040 targets the 61.8 of the aforementioned move at 1.0994






eur/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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