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Jun 14 - 08:55 PM

EUR/USD - Bids Around 1.0400 Underpinning For Now

By John Noonan  —  Jun 14 - 07:25 PM
  • EUR outperformed Tuesday with the EUR/USD edging 0.12% higher despite strong USD nL1N2Y1229

  • EUR strong on the crosses with EUR/JPY rising 0.87% and EUR/GBP jumping 1.2%

  • Bids around 1.0400 in EUR/USD underpinning and encouraging short-coving

  • Resistance at Tuesday's 1.0484 high and break would suggest waning momentum

  • EUR/USD trending lwoer with the 5, 10 & 21-day MAs in a bearish alignment

  • Support is at the 2022 low at 1.0349 and 2017 trend low at 1.0340

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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