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Jun 08 - 11:55 PM

EUR/USD - Consolidates In Narrow Range Ahead Of Key Events

By John Noonan  —  Jun 08 - 11:27 PM
  • EUR/USD opened 0.14% lower at 1.2173 and traded in a 1.2171/84 range

  • Heading into the afternoon it is at the session high around 1.2184

  • EUR/USD isn't trending after the whippy price action at the end of last week

  • Market is on the sidelines ahead of Thursday's ECB meeting and US CPI

  • EUR/USD hasn't reacted to move lower in US yields, but may do eventually nL3N2NR05R

  • Support is @ Monday's low @ 1.2145 low and break targets Friday's 1.2104 low

  • A close above the 10-day MA at 1.2187 will add upward pressure

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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