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May 04 - 01:55 AM

EUR/USD - Drifts Lower As USD Firms In Asia

By John Noonan  —  May 03 - 11:44 PM
  • EUR/USD opened 0.34% higher at 1.2063 after USD gave back Friday's gains

  • EUR/USD drifted lower through Asian morning as USD moved broadly higher

  • Heading into the afternoon it was trading at the session low around 1.2040

  • EUR/USD support is @ 21-day MA @ 1.2006 and break adds to downward pressure

  • Talk of option expiries at 1.2035 may draw the price action

  • EUR/USD resistance is at the 10-day MA at 1.2070 and yesterday's 1.2076 high

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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