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Aug 19 - 01:55 AM

EUR/USD - Remains Bid After Backing Away From Session Highs

By John Noonan  —  Aug 18 - 11:40 PM
  • EUR/USD opened 0.5% higher at 1.1929 and initially eased to 1.1929

  • It pushed up to 1.1952 in early Asia as USD was sold across the board

  • USD/JPY buyers ahead of 105.00 helped the USD claw back some early losses

  • EUR/USD settled around 1.1940 heading into the afternoon, but remained bid

  • USD sentiment is decidedly bearish ahead of the Fed Minutes later today

  • The Fed will likely emphasize risks to US economy if fiscal aid isn't passed

  • EUR/USD sellers tipped ahead of 1.2000, which may stall the rise

  • Resistance is at the 76.4 of the 1.2556/1.0636 move at 1.2102

  • Support is at the 10-day MA at 1.1833 and break eases upward pressure

  • For more click on FXBUZ

eur/usd Click here

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Refinitiv IFR Research/Market Commentary


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