By Andrew M Spencer — Nov 10 - 10:00 PM
Steady in a 1.0705-1.0728 range - EUR/JPY +0.55%, Asian stocks are lower
Chancellor Olaf Scholz agreed to an earlier German confidence vote
Veterans day in the US, no major EZ data, so moderate FX ranges likely
Charts - negative daily momentum studies, 21-day Bollinger bands slip
5, 10 & 21-day moving averages edge lower, signals retain a bearish setup
1.0780/1.0826 5, 10 & 21 DMAs, then last week's 1.0937 high first resistance
Wednesday's 1.0682 base and the 1.0666 June low are initial supports
1.0700 1.220 BLN and 1.0780 1.164 BLN are the major close strikes for Nov 11
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary