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Nov 20 - 01:55 AM

EUR/USD - Edges Higher As USD/JPY Leads USD Broadly Lower

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

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