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Feb 21 - 10:55 PM

EUR/USD - Unchanged After Rally Fizzles And Sellers Emerge

By John Noonan  —  Feb 21 - 09:56 PM
  • EUR/USD opened 1.2110 after gaining 0.22% Friday and closing at 1.2118

  • EUR/USD rallied early Asia when USD eased - led by AUD/USD and NZD/USD

  • It traded as high at 1.2134 before cunning into selling

  • Risk assets gave back some early gains and EUR/USD eased back to 1.2115/20

  • Support comes in at the 10-day MA at 1.2108 and the 21-day MA at 1.2093

  • Resistance is at the 55-day MA at 1.2150 and last week's 1.2169 high

  • EUR/USD consolidating while risk currencies trend higher against USD

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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