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Oct 29 - 11:55 PM

EUR/USD - Edges Higher In Asia As USD Broadly Offered

By John Noonan  —  Oct 29 - 11:05 PM
  • EUR/USD opened 0.63% lower at 1.1672 after dovish ECB nL1N2HK0F3

  • After trading at 1.1668 it drifted higher as USD gave back some gains

  • Move lower in USD was led by fall in USD/CNH, which eased 0.30% at one stage

  • EUR/USD is trading around 1.1685/90 into the afternoon - the session high

  • Support is at the 100-day MA at 1.1654 - which held dip yesterday

  • Sellers are tipped above 1.1700 with resistance @ at 21-day MA at 1.1770

  • Sentiment is bearish as Europe facing lock-downs as coronavirus spikes nL1N2HK0F3

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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