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Sep 12 - 11:55 PM

EUR/USD - Under Pressure But Bids At 1.1800 Hold For Now

By John Noonan  —  Sep 12 - 11:26 PM
  • EUR/USD opened 1.1811 and traded in a 1.1802/14 range through the morning

  • Hawkish comments from Fed's Harker in Nikkei interview underpinned USD nL1N2QF013

  • It was under pressure for much of the session but bids at 1.1800 held

  • Support is at the 21-day MA at 1.1788 and break increases downward pressure

  • Resistance is at the 10-day MA at 1.1837 and sellers are around 1.1850

  • US CPI Tuesday a key event this week, as it may shape Fed expectations

  • If it is hotter than expected it could rattle markets and support USD

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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