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Nov 07 - 11:00 PM
EUR/USD - Still Has A Chance To Overturn Bearish Cues
First appeared on eFXplus on Nov 07 - 09:00 PM
  • EUR/USD tries to resurface after four straight drops due to US yields

  • Pierced Ichimoku Cloud support, entered downtrend channel on Thurs

  • But if it closes above 1.1065 Friday, those bearish cues will be null

  • Failure to do so will increase odds of slide to Cloud base at 1.0973

  • Optimism recharged after US-China agree on tariff rollback nL3N27N228

  • Although details still lacking, compromise is a good start nW1N26M06X










Source:
Refinitiv IFR Research/Market Commentary

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