The post 2-way risks remain – OCBC appeared on BitcoinEthereumNews.com.

The Euro (EUR) traded sharply lower, in response to US elections. Pair was last seen at 1.0718 levels, OCBC’ FX analysts Frances Cheung and Christopher Wong note. EUR/USD is under the pressure The sensitivity of EUR to US elections appears to have picked up by quite a fair bit. Threat of Trump tariff on all imports by up to 20% can hurt EUR as US was the largest partner for EU exports of goods in 2023. Momentum is mild bullish but RSI fell. Resistance here at 1.0830 (61.8% fibo retracement of 2024 low to high), 1.09 (50% fibo), 1.0940 (100 DMA). Risks remain 2- way dependent on outcome of US election results (which is still trickling as we write). Source: https://www.fxstreet.com/news/eur-usd-2-way-risks-remain-ocbc-202411061125

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Filed under: News - @ November 6, 2024 12:26 pm