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Aug 17 - 08:55 PM

EUR/USD - Opens Near Key Support As USD Soars On Risk Aversion

By John Noonan  —  Aug 17 - 07:05 PM
  • EUR/USD opens -0.57% as global growth concerns broadly support USD nL1N2PO15K

  • Key support at the 38.2 of 1.0636/1.2349 move at 1.1694 under threat

  • Break below 1.1690 initially targets weekly lows Sept/Nov between 1.1600/15

  • Resistance is at 10-day MA at 1.1750 and break would ease pressure

  • EUR/USD trending lower with 5, 10 & 21-day MAs in bearish alignment

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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