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: 2024.11.05
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EUR/USD: Volatile and vulnerable - OCBC
Breaking news
EUR/USD: Volatile and vulnerable - OCBC
New
2024.11.05 23:06
2024.11.05 23:06
2024.11.05 23:06
The Euro (EUR) partially retraced earlier gains amidst US election volatility. Pair was last seen at 1.0898 levels, OCBC' FX analysts Frances Cheung and Christopher Wong notes.
2-way risks amid the US elections
"Momentum is mild bullish while the rise in RSI moderated. Resistance here at 1.09 (50% fibo), 1.0940 (100 DMA), 1.0970. Support at 1.0830 (61.8% fibo retracement of 2024 low to high), 1.0760 (recent low)."
"Risks are 2-way from here dependent on outcome of US election results (which should start coming in on Wednesday)."
Last updated
: 2024.11.05
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EUR/GBP Price Analysis: Consolidation on as the pair awaits directional cues
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2024.11.05 23:03Disclaimer:
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