BUZZ-COMMENT-Bullish EUR/USD chart corroborates November seasonality

Reuters11-01

Nov 1 (Reuters) - EUR/USD usually climbs in November and the price action at the beginning of this month points to a continuation of this seasonal trend.

A study of EUR/USD's seasonal performance for each November since 2000 shows it has posted a positive return in 15 of the last 24 years, or 63% of the time. However, seasonality should not be considered in isolation and needs to be corroborated by other factors.

EUR/USD has managed to rise and close above the 1.0869 Fibo, a 23.6% retrace of the 1.1214 to 1.0762 (Sept to Oct) EBS drop, increasing the bullish market structure. It has also managed to vault to the 200-DMA, now at 1.0870. That increases the scope for bigger gains to the 1.0935 Fibo, a 38.2% retrace of the same 1.1214 to 1.0762 fall.

EUR/USD has risen this week, buoyed after data showed euro zone inflation accelerated more than expected in October. For more click on

<^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ Daily Chart: Seasonality Chart:

^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^>

(Martin Miller is a Reuters market analyst. The views expressed are his own)

((martin.miller@thomsonreuters.com))

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A study of EUR/USD's seasonal performance ...</p>\n\n<a href=\"https://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"FT_SY_EUR","symbol_name":"欧元","start_time":0,"source_url":"https://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1","article_id":"2480007933","we_media_id":"1036604489","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2480007933","pubTimestamp":1730450308,"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"summary":"Nov 1  - EUR/USD usually climbs in November and the price action at the beginning of this month points to a continuation of this seasonal trend.   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