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Jul 27 - 08:55 PM

EUR/USD - Opens Slightly Higher As Down-Trend Peters Out

By John Noonan  —  Jul 27 - 07:15 PM
  • EUR/USD opens 0.11% higher as USD eased against most major currencies nL1N2P322R

  • EUR moving higher against risk currencies as investors flee EM assets nL1N2P329A

  • EUR/USD traded above 21-day MA for first time since June 11

  • Trend lower exhausted as 5-day tilting higher and about to cross 10-day MA

  • A close above the 21-day MA (1.1819 today) targets July 12 high at 1.1884

  • Support has formed at 1.1750/60 where buyers are tipped

  • EUR/USD will likely consolidate ahead of Fed decision later today

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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