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Jun 14 - 08:55 PM

EUR/USD - Claws Back Some Ground As EUR/JPY Buying Supports

By John Noonan  —  Jun 14 - 07:09 PM
  • EUR/USD opens 0.10% higher after finding buyers below 1.2100 once again

  • EUR/JPY buying pushed the cross up 0.42% and underpinned EUR/USD

  • EUR/USD support is at the 55-day MA at 1.2072 and 38.2 fibo at 1.2051

  • Resistance is at the 10-day MA at 1.2157 and break eases downward pressure

  • EUR/USD likely to remain range-bound ahead of FOMC meeting Wednesday

  • Direction in Asia likely to be impacted by Tokyo EUR/JPY flows

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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