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Nov 26 - 11:55 PM

EUR/USD - Pivots Around 1.1910 In Quiet Asian Session

By John Noonan  —  Nov 26 - 10:10 PM
  • EUR/USD opened Asia unchanged around 1.1915 after a whippy London session

  • The Thanksgiving holiday in the US led to a very quiet Asian session

  • EUR/USD spent most of morning trading either side of 1.1910, range 1.1908-15

  • Support is found at 1.1875/85 where daily lows and the 10-day MA converge

  • Break below 1.1870 would ease upward pressure and target 21-day MA @ 1.1820

  • There are sellers ahead of 1.1950 - but no technical resistance until 1.2014

  • Market is long EUR/USD so profit taking could exaggerate fall in thin market

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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