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