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Oct 18 - 11:55 PM

EUR/USD - Unchanged Into The Afternoon As Sellers On Top

By John Noonan  —  Oct 18 - 11:15 PM
  • EUR/USD consolidating around Friday's 1.1715/20 close in quiet trading

  • Sellers are tipped around 1.1730 with 21-day MA at 1.1731

  • EUR heavy on crosses as risk currencies mostly higher in Asia

  • Equity markets buoyant with E-mini futures up 0.60%

  • EUR/USD resistance at 10-day MA at 1.1753

  • Support formed at 1.1685/95 with break of 1.1680 targeting 1.1610

  • The 100-day MA is at 1.1609 and the Sept 25 trend low is at 1.1612

  • Rise in corinavirus cases in Europe continues to weigh on EUR sentiment nL8N2H751O

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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