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Jun 17 - 03:48 AM
EUR/USD - Gently Bid In Quiet Asia Session
First appeared on eFXplus on Jun 16 - 11:45 PM
  • EUR/USD traded to 1.1205 early Asia before striking a bid tone
  • Small EUR/JPY buying helped to underpin EUR/USD through the morning
  • EUR/USD traded to 1.1224 and was around 1.l1220 into the afternoon
  • Talk of option strikes around 1.1200 is discouraging attempts lower
  • Support now at 1.1200/05 with break targeting lows between 1.1105/20
  • Resistance is found around 1.1270 where the 100-day & 10-day MAs converge
  • EUR/USD likely to range trade ahead of FOMC event on Wednesday

eur/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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