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Aug 25 - 08:55 PM

EUR/USD - Recovery Continues As Key Resistance Looms

By John Noonan  —  Aug 25 - 07:16 PM
  • EUR/USD opens 0.11% higher and completed bullish outside day

  • It is hovering just below good resistance at 21-day MA at 1.1774

  • Break above 1.1775 targets the 61.8 of 1.1909/1.1664 at 1.1815

  • Support now at the 10-day MA, which comes in at 1.1740 today

  • Buoyant risk assets ahead of Powell speech Friday is weighing n USD

  • Higher US yields encouraging EUR/JPY buying as cross gained 0.40%

  • EUR/USD sellers above 1.1800 will likely cap ahead of Powell speech

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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