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Nov 18 - 05:00 AM
EUR/USD - Bet Year-End Lifts EUR/USD, Don't Bet On A Breakout
First appeared on eFXplus on Nov 18 - 02:45 AM
  • EUR/USD has risen back to the middle of the rough 1.09-1.12 range

  • Traders short EUR/USD are likely to pare some risk ahead of year-end

  • Flows set to underpin EUR/USD and fuel a more bullish tech situation

  • EUR/USD set to close over daily Ichimoku cloud at 1.1064

  • Expect pressure on 21/55-DMAs next at 1.1086 and 1.1095

  • Sustained rise over top of the range and 200-DMA @ 1.1178 not likely

  • Gradually falling downtrend well established. Vols very low, flow one-off









EUR/USD Click here

Source:
Refinitiv IFR Research/Market Commentary

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