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Jan 19 - 10:55 PM

EUR/USD - Moves Higher In Asia As Risk Assets Rally

By John Noonan  —  Jan 19 - 10:01 PM
  • EUR/USD opened 0.44% higher @ 1.2128 after EUR gained against all the majors

  • Risk rally that started in US continued in Asia and weighed on the USD

  • E-minis rose 0.22% while the AXJ index moved 0.85% higher

  • EUR/USD traded up to 1.2150 and is just below that higher into the afternoon

  • Resistance is at the 10-day MA @ 1.2158 and break targets 21-day MA @ 1.2200

  • Support at the 55-day MA at 1.2067 has been validated by the price action

  • Next move will determine if fall to 1.2054 was the end of the correction

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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