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Jun 23 - 09:55 PM

EUR/USD - Opens Slightly Lower After Rally In Europe Falters

By John Noonan  —  Jun 23 - 07:35 PM
  • EUR/USD opens 0.13% lower after rally to 1.1970 was met with good selling

  • Pair rallied in Europe following solid EZ flash PMIs nL2N2O50ED

  • Resistance is at the 10-day MA at 1.1984 and 200-day MA at 1.1997

  • EUR/USD trend lwoer losing momentum, as 5-day MA tilting higher now

  • Fibo resistance at 38.2 of 1.2266/1.1847 at 1.2007 and break ends trend

  • Support has formed at 1.1845/50 where decent buying is tipped

  • Range trading likely in Asia as market seeks fresh catalysts

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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