EURUSD WEEKLY ANALYSIS – 11th NOV
Trend continuation, recent pull back into 50% resistance confirmed with bearish 4h engulfer. Resistance seen at 1.1080 so stops above. Weekly target 1.0950 very possible.
USD bond yields pushing 2 %, 325 bp rise since last week’s cut. Euro yields are negative. The yield differential should push this pair back down through 1.10 to test 1.0950.