Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Jul 26 - 07:55 PM

EUR/USD - Opens Lower As EZ Energy Woes Stoke Recession Fears

By John Noonan  —  Jul 26 - 06:35 PM
  • EUR sold off across the board due to more bad news regarding energy flows nL1N2Z62G1

  • A further cut to supplies from Russia have heightened EZ recession fears

  • EUR/USD opens 1.0% lower while EUR/JPY fell around 0.80%

  • EUR/USD closed below the 10-day MA (1.0156), which is now resistance

  • Pair looks vulnerable ahead of FOMC decision during US Wednesday session

  • There are bids 1.0080/1.0100 but little in the way of support above parity

  • EUR/JPY flows out of Tokyo to influence direction during Asian session

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2022 eFXdata · All Rights Reserved
!