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Oct 20 - 07:55 PM

EUR/USD - Opens Asia Slightly Higher After Mixed Session

By John Noonan  —  Oct 20 - 06:00 PM
  • EUR/USD opens +0.15% after whipping between 0.9755 and 0.9845

  • It moved to the highs when GBP rebounded - then eased when US yields rose nL1N31L0VLnL1N31L1L8

  • EUR/USD support is at 0.9765/70 where the 10 & 21-day MAs converge

  • A close below those reading would keep the bears in control

  • Key resistance is at a down-trend line at 0.9959 and break would be bullish

  • Range trading expected in Asia with Tokyo EUR/JPY flows key to direction

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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