By John Noonan — Aug 23 - 11:30 PM
EUR/USD opened +0.18% at 1.0865 after bouncing from 1.0802
Volatility Wednesday due to poor EZ and US PMI data didn't spillover to Asia nL1N3A40I6nL1N3A423B
EUR/USD traded in a 1.0859/75 range in a quiet Asian session
EUR/USD support at 200-day MA at 1.0801 - where buying is eyed
A break below 1.0800 would increase downward pressure
Resistance is at the 10-day MA at 1.0884 and 21-day MA at 1.0934
A break above 1.0935 would suggest a bottom is in place for EUR/USD
With no ket data on tap market will look ahead to Jackson Hole
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary