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Jun 26 - 08:55 PM

EUR/USD - Edging Towards Key Resistance As USD Broadly Eases

By John Noonan  —  Jun 26 - 07:55 PM
  • USD easing across the board early Asia and giving the EUR/USD a small lift

  • EUR/USD rose 0.33% Friday as USD and JPY eased while equity markets soared nL1N2YB2VL

  • Talk of equity demand for month & quarter-end may keep risk assets elevated

  • EUR/USD resistance is at the 21-day MA at 1.0593 and break ends trend lower

  • More resistance is at the 61.8 of the 1.0782/1.0359 move at 1.0620

  • Support is at the 10-day MA at 1.0517 and break would ease upward pressure

  • For more click on FXBUZ

Refinitiv IFR Research/Market Commentary


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