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Feb 15 - 10:55 PM

EUR/USD - Bid In Asia As 1.2150 Resistance Eyed

By John Noonan  —  Feb 15 - 09:49 PM
  • USD selling as risk assets firmed was the recurring theme in Asia nL1N2KM01K

  • EUR/USD opened 0.06% higher at 1.2125 and struck a bid tone early

  • EUR/JPY buying helped support as the cross moved up 0.36% to 128.20

  • EUR/USD traded up to 1.2147 before sellers ahead of 1.2150 capped

  • The 50% of the 1.2349/1.1952 move is at 1.2150 and proving tough resistance

  • A break above 1.2155 targets the 61.8 of that move at 1.2197

  • Support is at the 10-day MA at 1.2085 and break would ease upward pressure

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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