By John Noonan — May 23 - 07:10 PM
Debt ceiling jitters had investors felling for safe-haven USD and JPY
EUR/USD and EUR/JPY ended the day 0.30% lower as markets turned cautious nL1N37K2TE
EUR/USD support is at the 61.8 of the 1.0516/1.1096 move at 1.0738
A break below 1.0730 would likely see selling accelerate toward 1.0500
EUR/USD trending lwoer with the 5, 10 & 21-day MAs in a bearish alignment
Resistance is at the 10-day MA at 1.0825 and beak would ease the pressure
Key today will be moves in equity markets and Tokyo EUR/JPY flows
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary