By John Noonan — Jun 19 - 07:05 PM
EUR/USD trading close to Friday's 1.0490 close in quiet start to week
It fell 0.60% Friday when soaring USD/JPY led the USD broadly higher
Resistance is at the 10-day MA at 1.0536 and Friday's 1.0560 high
Key resistance @ 21-day MA @ 1.0631 and break would suggest bottom in place
Support is at Friday's 1.0445 low and June 15 low at 1.0359
EUR/USD may consolidate with US holiday today impacting flows
Bias is for lower while the 21-day MA caps rallies
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Source:
Refinitiv IFR Research/Market Commentary