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Oct 13 - 11:55 PM

EUR/USD - Idles In Asia After Tuesday's Fall

By John Noonan  —  Oct 13 - 11:10 PM
  • EUR/USD opened o.57% lower at 1.1744 and traded in a 1.1735/51 range

  • Heading into the afternoon it was unchanged around 1.1745

  • EUR pressured by economic concerns due to second COVID wave in Europe nL8N2H454U

  • Resistance is at the 10-day MA at 1.1764 and break eases downward pressure

  • Support is at the 50% retracement of 1.1612/1.1831 move at 1.1722

  • Risk remains to the downside while equity markets remain capped

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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