Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
May 20 - 11:00 PM

EUR/USD - REFILE-BUZZ-EUR/USD-Better Bid As Risk Assets Firm In Asia

By John Noonan  —  May 19 - 11:55 PM

Replaces chart

  • EUR/USD opened 1.0923 after easing in late NY when Wall Street slumped

  • After trading at 1.0919 it tracked higher led by EUR/JPY demand

  • S&P futures rose over 0.50% to help settle Asian markets

  • EUR/USD traded to 1.0947 before settling around 1.0940 into the afternoon

  • Resistance at the 100-day MA at 1.0969 where the price action tends to stall

  • Close above 1.0970 targets the key 200-day MA at 1.1015

  • Support is found at 1.0855 where the 10 and 21-day MAs converge









Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2020 eFXdata · All Rights Reserved
!