EUR/USD analysis for November 02 2020 – Downside target at the price of 1.1620 reached but potential for next downside target
ECB’s Rehn: Inflation expectations are stuck too low
- Says Fed review conclusions must be evaluated
- Hopes that ECB will adopt a ‘clearly’ symmetrical target
- Says monetary policy strategy should be reviewed every five years going forward
Nothing that really stands out from Rehn, as he is mainly just reaffirming the current situation. As for the current ECB strategy review, it was supposed to have been done by now but has been dragged to next year because of the virus crisis.
The headline supports the narrative that more easing action is to follow next month.
Based on the graph above I found that on the top of the list we got Lumber and Feeder Catt;e today and on the bottom VIX and Gasoline RBOB
Resistance: 1,1650 and 1,1700
Support level: 1,15
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