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Sep 04 - 07:55 PM

EUR/USD - Opens Lower As EU Energy Crisis Deepens

By John Noonan  —  Sep 04 - 06:05 PM
  • EUR/USD under pressure as EU braces for next phase of energy crisis nL1N30B07V

  • It is trading below 0.9920 after closing Friday at 0.9956

  • Support is at Aug 23 low at 0.9900 - which has held on numerous occasions

  • A sustained break below 0.9900 doesn't find any technical support close by

  • Market has hesitate taking EUR/USD much lower ahead of ECB meeting Thursday

  • Market is pricing in a strong chance of a 75 BP hike by the ECB

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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