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Feb 17 - 11:55 PM

EUR/USD - Consolidates Below 1.2050 In Quiet Asian Session

By John Noonan  —  Feb 17 - 09:49 PM
  • EUR/USD opened 0.53% lower at 1.2042 and traded in a 1.2038/50 range

  • Heading into the afternoon it was unchanged at 1.2040/45

  • Pair tried to move up early when 10-year US yield dipped to 1.26% from 1.28%

  • Sellers tipped at 1.2050 capped and ensured a tight range

  • Resistance is at 1.2090/1.2100 where the 10 and 21-day MAs converge

  • Support comes in at the 100-day MA at 1.2000 and break targets 1.1952

  • Sentiment will remain mildly bearish while US yields remain elevated nL4N2KO037

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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