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Dec 01 - 07:55 PM

EUR/USD - Opens Slightly Lower As Factors Offset

By John Noonan  —  Dec 01 - 06:07 PM
  • EUR/USD opens 0.15% lower after finding support above 1.1300

  • It was relatively calm despite big swings in equities and other risk assets nL1N2SM381

  • Hawkish Fed outlook capping EUR/USD, but other factors are underpinning

  • EUR appears to be benefiting from uncertainty surrounding Omicron variant

  • Lower US 10-year yield also weighing on USD against the JPY and EUR

  • EUR/USD resistance at 21-day MA @ 1.1371 and break increases upward pressure

  • Bids are eyed at 1.1300 with support at the 10-day MA at 1.1283

  • For more click on FXBUZ

Refinitiv IFR Research/Market Commentary


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