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Jun 25 - 08:55 PM

EUR/USD - Opens Lower Despite Wall Street Gains

By John Noonan  —  Jun 25 - 06:50 PM
  • EUR/USD opens 0.30% lower despite Wall Street closing over 1.0% higher

  • EUR broadly underperformed as US/EU trade tensions weighed nL1N2E10HB

  • Close below 10 & 21-day MAs around 1.1250 to keep pressure on EUR/USD

  • The 10-day MA (1.1247) and 21-day MA (1.1253) now resistance

  • Support at double-bottom at 1.1168 and 38.2 of 1.0727/1.1422 at 1.1157

  • Break below 1.1150 targets 50% of the move at 1.1075

  • Consolidation expected in Asia with EUR/JPY flows determining direction










Source:
Refinitiv IFR Research/Market Commentary

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