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Oct 18 - 08:55 PM

EUR/USD - Opens Lower As Higher US Yields Underpin USD

By John Noonan  —  Oct 18 - 07:00 PM
  • EUR/USD opens -0.39% after USD broadly strengthened on higher US yields nL1N3BO2NHnL1N3BO2IO

  • EUR/USD downside opens up after closing below 10 & 21-day MAs around 1.0560

  • Support is at the Oct 13 low at 1.0496 where bids are placed

  • Key support is at the 2023 low at 1.0448

  • Resistance is around 1.0560 where the 10 & 21-day MAs converge

  • Range trading likely ahead of key Fed events on Friday

  • Fed Chair Powell speaks on Friday when Fed Beige book also released

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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