Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
May 23 - 08:55 PM

EUR/USD - Opens Lower As Risk Aversion Supports USD And JPY

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

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2023 eFXdata · All Rights Reserved
!