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Apr 25 - 08:55 PM

EUR/USD - Opens Lower With The 2020 Low Coming Into Focus

By John Noonan  —  Apr 25 - 07:35 PM
  • EUR/USD opens -0.90% after USD and JPY broadly strengthened in volatile markets nL2N2WN1MV

  • EUR/USD trending down with the 5, 10 & 21-day MAs in a bearish alignment

  • The 2020 low at 1.0636 now in sight and the market's objective

  • Resistance is now at former support at 1.0755/65 where sellers are tipped

  • Pace of EUR/USD fall may ease if US Treasury yields settle after showing signs of topping nL5N2WN520

  • Key in Asia will be EUR/JPY flows out of Tokyo after steep fall

  • For more click on FXBUZ









Source:
Refinitiv IFR Research/Market Commentary

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