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Jan 10 - 07:55 PM

EUR/USD - Trend Higher Showing Signs Of Exhaustion

By John Noonan  —  Jan 10 - 05:38 PM
  • EUR/USD fell 0.42% Friday as rising US yields encouraged longs to pare back nL1N2JJ1SH

  • Trend higher showing signs of exhaustion after finishing the week flat

  • EUR/USD closed below 21-day MA (1.2224) first time since Nov 4

  • Support @ Dec 21 low @ 1.2130 / break targets 38.2 of 1.1602/1.2349 @ 1.2063

  • Resistance is @ the 10-day MA @ 1.2257 / break would ease downward pressure

  • For more click on FXBUZ










aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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