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Apr 24 - 09:55 PM

EUR/USD - Steady, In Range Below Recent Highs

By Haruya Ida  —  Apr 24 - 08:28 PM

• EUR/USD 1.1372-92 EBS in Asia, quiet, in range below recent highs

• Highs of 1.1572 Monday, 1.1547 Tuesday, likely near-term caps

• Retracement low of 1.1308 Wednesday, range for now between 1.1300-1.1600?

• With market lacking confidence in USD, US assets, EUR downside limited?

• Techs suggest possible cap for in area of flat 200-HMA now at 1.1391

• Likelihood of ECB rate cut in June high, larger than 25 bps? To weigh on EUR

• Hourly Ichimoku cloud 1.1356-1.1427 with base, 1.1360 kijun supports

• Option expiries today to help cap spot?

• Massive E1.5 bln between 1.1390-1.1400 just above, E1.7 bln 1.1440-50

• EUR/JPY buoyant, 162.49-61 EBS so far in Asia, towards recent highs

• EUR/GBP tad heavy, indicated 0.8532-37, at recent lows

• Nearby option expiries today include 0.8525 E571 mln, 0.8575 E391 mln

• EUR/CHF closed New York trading bid at 0.9424, high 0.9426

• Option expiries today 0.9500 E570 mln, 0.9525 E708 mln, 0.9600-10 E704 mln

• Related comments , , also

• And , on ECB , for more click on [FXBUZ]

EUR/USD:


EUR/JPY:


EUR/GBP:


(Haruya Ida is a Reuters market analyst. The views expressed are his own)

Source:
London Stock Exchange Group | Thomson Reuters

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