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Oct 06 - 11:55 PM

EUR/USD - Steadies Above 1.1550 Quiet Asian Trading

By John Noonan  —  Oct 06 - 10:45 PM
  • EUR/USD opened -0.35% at 1.1556 after trading to fresh 2021 low at 1.1529

  • Asia was risk-on, as AXJ equity index rose 1.3%, but EUR/USD didn't move

  • It traded 1.1551/61 and was unchanged around 1.1555 into the afternoon

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

  • Resistance is at the 10-day MA at 1.1620 and break eases downward pressure

  • The next level of support is at the 50% of the 1.0636/1.2349 move at 1.1492

  • For more click on FXBUZ









Source:
Refinitiv IFR Research/Market Commentary

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