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Oct 16 - 07:55 PM

EUR/USD - Slight Bid Tone As GBP/USD Rise Underpins

By John Noonan  —  Oct 16 - 06:20 PM
  • EUR/USD slightly bid in Asia after falling 0.56% Friday

  • GBP/USD leading USD lower after hawkish comments from BOE's Bailey on weekend nL8N31G09G

  • EUR/USD resistance at 21-day MA at 0.9794 and down-trend line at 0.9993

  • Support is at Thursday's 0.9632 low and the Sep 26 trend low at 0.9528

  • Bias is for lower while markets remain volatile and Fed expectations remain hawkish

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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