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Dec 28 - 02:55 AM

EUR/USD - Ends Morning Flat After Early Dip Attracts Buyers

By John Noonan  —  Dec 27 - 10:25 PM
  • EUR/USD opened 1.0641 and dipped to 1.0624 in early Asia

  • Move lower led by USD/JPY after demand following BoJ summary nL1N33I00X

  • USD/JPY remained bid, but USD eased against other currencie late morning

  • EUR/USD recovered to 1.0640 to be flat for the session

  • EUR/USD treading water heading into year-end

  • Higher EZ yields underpinning, while EZ economic concerns capping rallies

  • Support @ 21-day MA @ 1.0574 and break would shift pressure to the downside

  • Key resistance is at the 61.8 of the 2022 fall at 1.0743

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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