By John Noonan — Nov 19 - 10:25 PM
EUR/USD opened +0.55% at 1.0913 after USD fell despite firm US yields
After easing to 1.0897 early Asia, USD selling resumed late in the morning
USD/JPY fell below 149.00 and EUR/USD traded up to 1.0924 in sympathy
EUR/USD gains were capped by EUR/JPY selling as cross eased 0.33%
EUR/USD resistance is at the 61.8 of July/Oct fall at 1.0959
USD sentiment decidedly bearish as market prices in end of Fed tightening
EUR/USD trending higher with the 5, 10 & 21-day MAs in a bullish alignment
Support is at the 200-day MA at 1.0806 and 10-day MA at 1.0787
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary