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Dec 14 - 10:55 PM

EUR/USD - Slips Lower During Gloomy Asian Session

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

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