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Sep 27 - 07:55 PM

EUR/USD - Trending Lower But Asia Likely Quiet

By John Noonan  —  Sep 27 - 06:05 PM
  • EUR/USD trending lower with 5, 10 and 21-day MAs in bearish alignment

  • Support found a the 50% retracement of 1.1168/1.2014 move at 1.1591

  • A 1.1590 break targets support at 1.1490 where 100-day MA and 61.8 converge

  • Report on hopes of a US coronavirus bill may undermine USD rally

  • EUR/USD resistance at Friday's 1.1685 high and break eases downward pressure

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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