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Jun 09 - 08:55 PM

EUR/USD - Opens Little Changed After Fail Above 1.2200

By John Noonan  —  Jun 09 - 06:58 PM
  • EUR/USD opens at 1.2178 - a few pips higher than yesterday

  • It traded up to 1.2218 when the 10-year US yield swooned to 1.47%

  • USD buyers returned and forced weak EUR/USD longs to cover

  • Market is cautious ahead of ECB and CPI later on Thursday

  • EUR/USD support is at Monday's low at 1.2145 with break targeting 1.2104

  • The 10 and 21-day MAs converge at 1.2185 and may draw the price action

  • Action in Asian likely to be subdued ahead of ECB and US CPI

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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