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Jul 23 - 08:55 PM

EUR/USD - Trend Higher Continues To Extend Despite Risk-Off

By John Noonan  —  Jul 23 - 07:10 PM
  • EUR/USD opens 0.25% higher after trading to a fresh 22-month high at 1.1627

  • Weak US data and falling US yields underpinned EUR/USD despite risk off nL2N2EU1SYnL2N2EU255

  • EUR/USD trend higher in place as 5, 10 & 21-day MAs in bullish alignment

  • Next resistance of note at 61.8 fibo of 1.2556/1.0636 move at 1.1822

  • Support at former resistance at 1.1495 and the 10-day MA at 1.1470

  • For more click on FXBUZ









Source:
Refinitiv IFR Research/Market Commentary

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