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Oct 13 - 07:55 PM

EUR/USD - Opens Lower On COVID Related Concerns

By John Noonan  —  Oct 13 - 06:20 PM
  • EUR/USD opens 0.57% lower, as USD moved broadly higher

  • Second wave COVID infections in Europe weighing on EZ economy nAPN02O186

  • Risk-off sentiment supporting USD as vaccine trials interrupted nL4N2H406NnL1N2H41NW

  • EUR/USD below 10-day MA at 1.1764 and 21-day MA at 1.1748

  • Support at 1.1710/25 where Oct 7 low and 50% of 1.1612/1.1831 converge

  • A break back above the 10-day MA at 1.1764 needed to ease downward pressure

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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