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
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Source:
Refinitiv IFR Research/Market Commentary