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Mar 20 - 11:55 PM

EUR/USD - Consolidates Around 1.1050 In Listless Asian Trading

By John Noonan  —  Mar 20 - 11:15 PM
  • EUR/USD traded in a 1.1040/57 range in Asia after closing Friday at 1.1050

  • The Tokyo holiday and lack of weekend market moving news made it a long day

  • Market shrugged off hawkish comments coming from the ECB nL2N2VN0DBnL5N2VM04X

  • EUR/USD not trending and looks set for period of range trading

  • Support is @ the 10-day MA @ 1.1000 and break would suggest top is in place

  • Resistance is at the 21-day MA at 1.1081 and close above eases pressure

  • News related to Russia-Ukraine conflict may impact EUR sentiment

  • For more click on FXBUZ

Refinitiv IFR Research/Market Commentary


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