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Aug 16 - 02:36 AM
EUR/USD - Pivots Around 1.1200 In Quiet Asian Session
First appeared on eFXplus on Aug 15 - 11:20 PM
  • The EUR/USD traded in a 1.1095/1.1112 range in quiet Asian trading
  • EUR & JPY edged lower vs risk currencies as S&P futures moved 0.55% higher
  • Move up in S&P futures likely related to Trump optimism on trade talks nL4N25B2NR
  • Heading into the afternoon session the EUR/USD was around 1.1100
  • EUR/USD poised to move lower as ECB ready to launch large QE
  • Target of current move is the Aug 1 low at 1.1027
  • Resistance at 21-day MA at 1.1168 and break would ease downward pressure

eur/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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