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Apr 12 - 08:55 PM

EUR/USD - Opens Slightly Higher But Within Recent Range

By John Noonan  —  Apr 12 - 06:47 PM
  • EUR/USD opens 0.09% higher as recent consolidation continues

  • EUR/USD hss traded between 1.1860/1.1928 for the last four trading days nL1N2M52E6

  • USD has offered tone after large Treasury auctions didn't push yields higher nL1N2M527E

  • EUR/USD support at daily lows ahead of 1.1860 and 21-day MA at 1.1846

  • Resistance at April 8 high @ 1.1928 - and break targets 55-day MA @ 1.1975

  • Consolidation likely to continue ahead of key US CPI later today

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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