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Aug 23 - 01:55 AM

EUR/USD - Steady Near Base Of Range Ahead Of EZ PMIs

By John Noonan  —  Aug 22 - 11:40 PM
  • EUR/USD opened -0.47% at 1.0844 after US-DE yields widened nL1N3A30ML

  • EUR/USD completed a bearish outside day Tuesday to renew downward pressure

  • It was steady in Asia and traded in a 1.0845/56 range

  • Heading into the afternoon it is just below the session high

  • EUR/USD support around 1.0830 and break targets 200-day MA at 1.0799

  • Resistance is at the 10-day MA at 1.0894 and 21-day MA at 1.0945

  • EZ PMIs out today and could spark some volatility

  • The main event this week will be Jackson Hole where Powell and Lagarde speak

  • For more click on FXBUZ

Refinitiv IFR Research/Market Commentary


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