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Oct 30 - 11:55 PM

EUR/USD - Slightly Pressured By Fed Expectations In Subdued Asia

By John Noonan  —  Oct 30 - 11:20 PM
  • EUR/USD fell to 0.9941 at the open due to a WSJ article with hawkish Fed overtones nL1N31W07X

  • It recovered to 0.9955/60 where it sat most of the morning

  • EUR/USD still below Friday's 0.9968 close as US yields edged higher in Asia

  • WSJ article may impact markets later if it is perceived as Fed sourced ahead of FOMC Wednesday

  • Support is at the 10-day MA at 0.9910 and 21-day MA at 0.9846

  • Resistance is at the 100-day MA at 1.0078

  • For more click on FXBUZ

Refinitiv IFR Research/Market Commentary


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