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Sep 24 - 10:55 PM

EUR/USD - Steady Start After O/night Bounce, Upside Limited

By Krishna K  —  Sep 24 - 09:05 PM
  • EUR/USD holds ground in Asia after tepid bounce from 1.1626 Thursday low

  • Bolstered by hopes of a compromise on U.S. stimulus package nL2N2GL1UE

  • Underpinned by better risk mood as APAC stocks follow Wall Street higher

  • Hopes of solid growth in 3rd quarter in Germany, France support nL5N2GL2DI

  • Traders wary as technical indicators overextended after 1.8% drop this week

  • Recovery to be limited on worrying rise in virus cases in EuropenL5N2GL1DM

  • Resistance 1.1695-1.1700,1.1730-40; support 1.16 25-35, 1.1590-1.1600

  • For more click on FXBUZ

Inflation headache for the ECB: Click here

Refinitiv IFR Research/Market Commentary


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