Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Sep 08 - 08:55 PM

EUR/USD - Opens Lower As USD Firms Ahead Of ECB Decision

By John Noonan  —  Sep 08 - 06:48 PM
  • EUR/USD opens -0.23% after USD broadly gained on global growth concerns

  • It traded as low as 1.1802 before USD eased late on dovish Fed speak nL1N2QA2J2

  • EUR/USD closed below the 10-day MA, which comes in at 1.1834 today

  • It has made 3 straight lower highs after 10-days of higher daily highs

  • Upward momentum is waning ahead of key ECB meeting later today

  • Support is at the 21-day MA at 1.1784 and break shifts pressure to downside

  • More support is at the 61.8 of 1.1664/1.1909 move at 1.1757

  • Resistance at yesterday's 1.1850 high - break would restore upward momentum

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2021 eFXdata · All Rights Reserved
!