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Apr 20 - 11:55 PM

EUR/USD - Surges In Holiday-Thinned Asia, Best Since Feb '22

By Haruya Ida  —  Apr 20 - 10:19 PM

• EUR/USD surges early Asia, 1.1393 to 1.1486 EBS, best since Feb '22 1.1495

• Market thin in Asia on Australia/NZ, Europe Easter Monday holidays today

Break above bullish, projects tests towards 1.1616 high in Nov '21

• Monthly chart shows underlying support now at flat 100-MMA at 1.1201

• Support today from hourly Ichimoku tenkan at 1.1438, kijun 1.1422 below

• Massive E1bln 1.1450, E1.2bln 1.1390-1.1400 option expiries tom supportive?

• Focus turning away from US tariffs for now pending fresh negotiations

• More focus on de-dollarization as investors continue to shun US assets

• Separately, EUR/JPY 161.88-162.18 EBS in Asia, on quiet side

• Cross sideways well within recent ranges with JPY bid as much as EUR

• Related , for more click on [FXBUZ]

EUR/USD:


EUR/JPY:


(Haruya Ida is a Reuters market analyst. The views expressed are his own)

Source:
London Stock Exchange Group | Thomson Reuters

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