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Sep 08 - 08:55 PM

EUR/USD - Opens Lower As Risk-Off Sentiment Supports USD

By John Noonan  —  Sep 08 - 07:00 PM
  • EUR/USD opened 0.36% lower at 1.1774 and eased to support at 1.1755/60

  • EUR/USD weighed down by USD and JPY buying as risk decidedly negative nL1N2G519K

  • Key support @ 1.1690/95 where a 38.2 fibo converges with the Aug 3 trend low

  • A break below 1.1690 would suggest a top is in place above 1.2000

  • Resistance now at former support at 21-day MA at 1.1841

  • Market may pause EUR/USD selling ahead of ECB meeting Thursday

  • EUR/JPY flows out of Tokyo key for direction in Asia

  • A For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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