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Jul 08 - 09:48 PM
EUR/USD - Option Bids Hold For Now But Poised To Move Lower
First appeared on eFXplus on Jul 08 - 07:25 PM
  • EUR/USD retains heavy tone ahead of Powell testimony on Wednesday
  • Firm US yields and dovish ECB expectations limiting EUR/USD rallies
  • Resistance at the 55-day MA at 1.1231 and the 100-day MA at 1.1257
  • Support at June 18 low at .1181 with option bids ahead of 1.1200
  • EUR/USD likely to trade in a narrow range during the Asian session

eur/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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