Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
May 03 - 01:55 AM

EUR/USD - Gently Bid As Risk Currencies Rally Against USD

By John Noonan  —  May 03 - 12:05 AM
  • EUR/USD opened -0.32% at 1.1508 after USD rose against most currencies nL2N2WU1DX

  • After trading at 1.0507 it tracked higher led by rallies in AUD and NZD

  • EUR/USD traded to 1.0526 and is settling around 1.1520 into the afternoon

  • Trading was quiet and market was thin due holidays in most of Asia

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

  • A break above the 10-day MA @ 1.0647 is needed to ease the downward pressure

  • Support is at last week's low at 1.0469 and break targets 2017 low at 1.0340

  • Eur/USD may consolidate ahead of key FOMC meeting on Wednesday

  • 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
!