By John Noonan — May 22 - 07:35 PM
EUR/USD opens a few pips higher after trading in an extremely tight range
FX market waiting on news from DC on debt ceiling talks
Key data later today and the rest of week also hoped to provide direction
EUR/USD trending lower with the 5, 10 &21-day MAs in a bearish formation
Resistance is at the 10-day MA at 1.0852 and break would ease pressure
Support is at the 61.8 of the 1.0516/1.1096 move at 1.0737
EZ and US Flash PMI later today may spark some action in the EUR/USD
Expect more range trading in Asia in the meantime
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary