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29 Oct 2020

EUR/USD Price Analysis: Do not rule out a move to 1.16 just yet

  • EUR/USD extends the downside to the vicinity of 1.1700.
  • Bets for a deeper retracement below 1.17 keep rising.

EUR/USD navigates the area of fresh multi-day lows in the 1.1700 neighbourhood on the back of the prevailing risk aversion atmosphere.

The continuation of the downtrend seems likely in the very near-term. A breach of the key contention area in the 1.1700/1.1685 area could pave the way for a retracement to the September’s low at 1.1612.

Looking at the broader scenario, the bullish view on EUR/USD is expected to remain unchanged as long as the pair trades above the critical 200-day SMA, today at 1.1310.

EUR/USD daily chart

 

Oct 29, 2020

EUR/PLN maintains the bullish momentum with the 2009 high at 4.9307 in its sights – Rabobank

After spending a few sessions in a consolidation, EUR/PLN broke higher on Wednesday revisiting the March high at 4.6342. Monthly and daily charts are
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Oct 29, 2020

EUR/USD points to a move into a 1.20-1.25 range – ANZ

EUR/USD is awaiting the election outcome as a large fiscal stimulus would weaken the dollar. The European Central Bank (ECB) is likely to ease policy
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