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Oct 11 - 08:55 PM

EUR/USD - Opens Within Familiar Range As 10-Day MA Continues To Cap

By John Noonan  —  Oct 11 - 06:40 PM
  • EUR/USD opens 0.19% lower after failing to break above 10-day MA

  • The 10-day MA was at 1.1591 Monday and is at 1.1578 today

  • A beak above the 10-day MA will relieve the downward pressure

  • EUR/USD trending lower with 5, 10 and 21-day MAs in a bearish alignment

  • Support is at last week's 1.1529 low and 50% of 1.0636/1.2349 move at 1.1492

  • Key in Asia today will be EUR/JPY flows after cross rose 0.78% Monday

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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