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TDUX
Nov 02 - 09:55 PM
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EUR/USD - Steadies Against Deteriorating Global Backdrop

By James Connell  —  Nov 02 - 09:01 PM

• EUR/USD flat Tue, AI trade concerns linger, Nasdaq finishes -1.1% Mon

• Brent crude firms in Asia after reports of U.S. strike on Qeshm Island

• Attention on U.S. midterm elections, Trump may lose control of Congress

• EU Oct HICP flash update due Wed, Reuters poll consensus +4.0% y/y

• EU Oct S&P manufacturing PMI 52.7 (Reuters poll consensus 52.4)

• EUR 1.1065 17-month low the next target if the pair resumes downtrend

• Range Asia 1.118425-9775, support 1.1065 1.0733, resistance 1.1285 1.1710
EUR Daily 21/55/100-DMA


(James Connell is a Reuters market analyst. The views expressed are his own.)

Source:
London Stock Exchange Group | Thomson Reuters

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