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Nov 29 - 10:55 PM

EUR/USD - Edges Higher In Quiet Asia As Asset Markets Remain Steady

By John Noonan  —  Nov 29 - 10:23 PM
  • EUR/USD opened 0.22% lower at 1.2290 after recovering from 1.1258

  • It moved up to 1.1305 early Asia on EUR/JPY demand at Tokyo fix

  • Heading into the afternoon it is settling around 1.1300

  • Support at 10-day MA at 1.1279 and another close above would suggest bottom forming

  • 5-day MA pointing up and about to cross 10-day MA also suggesting bottoming

  • Resistance is at the 38.2 of 1.1692/1.1186 at 1.1379 & 21-day MA at 1.1397

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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