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EURUSD WEEKLY ANALYSIS – 11th NOV

EURUSD WEEKLY ANALYSIS – 11th NOV

TECHNICAL ANALYSIS

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.

FUNDAMENTAL ANALYSIS

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.

 

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