Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Jul 28 - 01:55 AM

EUR/USD - Firm In Asia, As Yen Leads The USD Lower

By Andrew M Spencer  —  Jul 27 - 11:45 PM

  • +0.15%, trades at the top of a 1.0180-1.0214 range, as yen led the USD lower

  • EUR/JPY fell 0.85%, as Tokyo bought yen in response to mixed FOMC

  • No tier 1 EU data, U.S. GDP to lead event risk in the European session

  • Charts, 5, 10 & 21 day moving averages coil, momentum studies conflict

  • 21 day Bollinger bands contract - neutral setup suggests range trading

  • 1.0279 July top and 1.0076, 61.8% July bounce are the pivotal levels

  • Close outside the range will likely extend further in coming sessions

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
© 2022 eFXdata · All Rights Reserved
!