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Mar 23 - 11:55 PM

EUR/USD - Slips In Asia But Still Within Recent Range

By John Noonan  —  Mar 23 - 11:00 PM
  • EUR/USD opened -0.27% at 1.1001 after firm USD and higher oil weighed

  • After a quiet start - the EUR/USD came under gentle pressure

  • Heading into the afternoon it is at the session low just below 1.0985

  • Support is at 1.0960/65 where it held dips last two days

  • More support is at the 61.8 of 1.0806/1.1137 move at 1.0932

  • Resistance is at the 21-day MA at 1.1035 and break would ease the pressure

  • Sentiment is bearish and the bias is for a choppy move lower

  • Ongoing conflict in Ukraine and rising energy costs capping rallies

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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