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Jun 01 - 08:55 PM

EUR/USD - Opens Slightly Lower After Sagging Through US Session

By John Noonan  —  Jun 01 - 06:51 PM
  • EUR/USD opens -0.10% after a steady decline from 1.2254 during US session

  • Spread between US 10-year yield and German 10-year yield widened 2 BPs

  • EUR/USD trading @ 10-day MA @ 1.2211 with more support at 21-day MA @ 1.2165

  • Resistance is at the May 25 high at 1.2266 and break would target 1.2349

  • Option relayed selling may limit EUR/USD upside ahead of US jobs on Friday

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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