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Aug 05 - 01:55 AM

EUR/USD - Modest Gains As USD Weakness Extends Into Asia

By John Noonan  —  Aug 04 - 11:40 PM
  • EUR/USD opened 0.33% higher after USD broadly fell during US afternoon

  • After trading at 1.1793, it moved higher through the morning

  • EUR/USD traded as high as 1.1821 before settling around 1.1815

  • USD broadly offered in Asia and especially against risk currencies

  • EUR/USD resistance at The July 31 trend high at 1.1908

  • Support is found at the ascending 10-day mA at 1.1751

  • EUR/USD still trending higher with 5, 10 & 21-day MAs in bullish alignment

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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