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Sep 17 - 01:55 AM

EUR/USD - Under Heavy Pressure As USD Regains Ascendency

By John Noonan  —  Sep 16 - 11:40 PM
  • EUR/USD opened 0.25% lower at 1.1817 after easing late in US session

  • Weak close on Wall Street gave USD bid tone and it accelerated in Asia

  • E-Mini futures slid over 1.2% and USD moved higher across the board

  • EUR/USD hovered above support at 1.1750/55 before stops were triggered below

  • It traded to a low at 1.1737 before settling around 1.1750

  • Next level of support is 1.1690/95 where a 38.2 fibo and Aug 3 low converge

  • Resistance is at the 21-day MA at 1.1836 and break would ease pressure

  • For more click on FXBUZ










aud/usd Click here

eur Click here

Source:
Refinitiv IFR Research/Market Commentary

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