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Nov 01 - 02:55 AM

EUR/USD - Steady In Asia But Vulnerable After Bearish Outside Week

By John Noonan  —  Oct 31 - 11:20 PM
  • EUR/USD opened 1.1565 after falling over 1.0% on Friday nL1N2RP29J

  • Pair traded in a 1.1551/68 range in Asia and is 1.1555 into the afternoon

  • EUR/USD is vulnerable after completing a bearish outside week Friday

  • Support is at the Oct 12 low at 1.1522 and break targets 1.1490

  • Resistance is at the 21-day MA at 1.1598 and break eases downward pressure

  • EUR/USD unlikely to wander too far ahead of FOMC and US payrolls this week

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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