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Sep 29 - 08:55 PM

EUR/USD - Opens Lower As USD Breaks Higher Across The Board

By John Noonan  —  Sep 29 - 06:45 PM
  • EUR/USD opens 0.73% lower after making fresh 2021 low at 1.1597

  • USD broadly higher as risk aversion/hawkish Fed expectations underpinned

  • There isn't and EUR/USD support of note his side of 1.1500

  • The 50% of the 1.0636/1.2349 move comes in at 1.1492 for next support

  • EUR/USD trending lower with the 5, 10 and 21-day MAs in a bearish alignment

  • Resistance is at the 10-day MA at 1.1689 and break eases downward pressure

  • For more click on FXBUZ









eur 1 Click here

eur 2 Click here

Source:
Refinitiv IFR Research/Market Commentary

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