By John Noonan — May 15 - 07:10 PM
EUR/USD opens +0.23% after USD and JPY eased across the board
Modest risk rally encouraged USD selling and EUR/JPY gains nL1N37C32U
EUR/USD trending lower with the 5, 10 & 21-day MAs in a bearish alignment
Resistance is at the 10-day MA at 1.0955 and 21-day MA at 1.0977
Support is at the 50% of the 1.0516/1.1096 move at 1.0806
EUR/USD consolidation likely to continue ahead of US retail sales Tuesday
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary