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Oct 12 - 01:55 AM

EUR/USD - Holds Around The 1.1550 Level In Quiet Asian Trading

By John Noonan  —  Oct 11 - 11:35 PM
  • EUR/USD opened -0.2% at 1.1553 and traded in a 1.1547/59 range

  • It was around the session high heading into the afternoon session

  • EUR/USD is in a slow motion trend lower, as price action lacks impulsiveness

  • The 5, 10 and 21-day MAs are in a bearish alignment and are tilting lower

  • A close above the 10-day MA at 1.1578 would ease downward pressure

  • Support is at last week's 1.1529 low and break targets 1.1492

  • The 50% retracement of 1.0636/1.2349 move is at 1.1492 with bids at 1.1500

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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