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Aug 23 - 11:55 PM

EUR/USD - Settles In Asia After Wednesday's Whippy Ride

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

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