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Aug 18 - 08:55 PM

EUR/USD - Trending Higher As USD Sentiment Deteriorates

By John Noonan  —  Aug 18 - 06:50 PM
  • EUR/USD opens 0.5% higher at 1.1929 after hitting 27-month high at 1.1966

  • USD broadly fell as downward momentum accelerates ahead of Fed minutes

  • Next EUR/USD resistance at 76.4 0f 1.2556/1.0636 move at 1.2102

  • Sellers ahead of 1.2000 likely to cap gains in the immediate-term

  • EUR/USD trending higher with the 5, 10 and 21-day MAs in bullish alignment

  • Support at 10-day MA at 1.1831 and break eases upward pressure

  • For more click on FXBUZ









Source:
Refinitiv IFR Research/Market Commentary

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