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Feb 19 - 08:55 PM

EUR/USD - Eases As USD Firms In Cautious Start To The Week

By John Noonan  —  Feb 19 - 07:35 PM
  • EUR/USD down 0.15% early Asia as USD broadly firms to start the week

  • E-minis down 0.25% as investors caution due to hawkish CB expectations nL1N34X2JA

  • EUR/USD 5, 10 & 21-day MAs in bearish alignment to add technical pressure

  • Resistance is at the 10-day MA at 1.0705 and 21-day MA at 1.0791

  • Support is at 1.0612 where Friday's low and 76.40 of 2023 rise converge

  • Central bank expectations to dictate EUR/USD sentiment this week

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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