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Jun 17 - 08:55 PM

EUR/USD - Opens A Bit Lower As EUR/JPY Selling Weighs

By John Noonan  —  Jun 17 - 07:10 PM
  • EUR/USD opens 0.16% lower at 1.1244 after 0.40% fall in EUR/JPY weighed

  • Soft close on Wall Street supporting safe-haven currencies nL1N2DU2BM

  • EUR/USD buyers tipped ahead of 1.1200 with support at 21-day MA at 1.1177

  • Resistance at the 10-day MA @ 1.1292 and break of 1.1300 would ease pressure

  • EUR/JPY flows will likely dictate direction in Asia today






Source:
Refinitiv IFR Research/Market Commentary

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