By John Noonan — Dec 14 - 10:30 PM
EUR/USD opened +0.50% at 1.0683 after choppy price action in wake of Fed nL1N3341SJ
It came under pressure in Asia as USD gained when Asian markets fell
The AXJ index was down over 1.0%, while the Nikkei inched lower nL4N3350QP
The EUR/USD eased to 1.0655 and was 1.0660 into the afternoon
USD gains likely limited while US yields remain capped and under pressure nL4N33503H
EUR/USD resistance @ 61.8 of 2022 fall @ 1.0743 with sellers ahead of 1.0700
Support is at the 10-day MA at 1.0560 and break would ease upward pressure
ECB meeting today the key event for EUR - with market expecting a 50 bp hike
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary