2021-11-01 12:20
Market analysisEurUsd
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Market analysis：
Euro's selloff from 1.1689 to a 2-week trough at 1.1535 in New York Friday on heavy month-end usd's demand suggests early corrective upmove from October's 14-month low of 1.1525 has ended at 1.1692 Thursday and re-test of said sup is seen after consolidation, break extends to 1.1500 later.
On the upside, only a daily close above 1.1600 signals temporary low made, risks stronger retracement to 1.1625, 1.1655.
Eur area eco. calendar is very light as France and Italy plus other European countries are closed for All Saints' Day holiday. Germany will release retail sales at 07:00GMT.
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EurUsd
Philippines | 2021-11-01 12:20Euro's selloff from 1.1689 to a 2-week trough at 1.1535 in New York Friday on heavy month-end usd's demand suggests early corrective upmove from October's 14-month low of 1.1525 has ended at 1.1692 Thursday and re-test of said sup is seen after consolidation, break extends to 1.1500 later.
On the upside, only a daily close above 1.1600 signals temporary low made, risks stronger retracement to 1.1625, 1.1655.
Eur area eco. calendar is very light as France and Italy plus other European countries are closed for All Saints' Day holiday. Germany will release retail sales at 07:00GMT.
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