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Feb 22 - 07:55 PM

EUR/USD - Opens Higher After Touching Last Week's High

By John Noonan  —  Feb 22 - 05:45 PM
  • EUR/USD opens 0.22% higher at 1.2158 after touching last week's 1.2169 high

  • EUR/USD recovered from Europe 1.2091 low after better German IFO

  • Early weakness due to EZ 10-year easing while US 10-year yield stayed firm nL1N2KS0NE

  • EUR/USD climbed during US session when USD sold off across the board

  • A break above 1.2170 targets the 61.8 of the 1.2349/1.1952 move at 1.2297

  • Support is at the 10-day MA at 1.2116 and 21-day MA at 1.2096

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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