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Aug 30 - 08:55 PM

EUR/USD - Best Performer As Hawkish ECB Excitations Underpin

By John Noonan  —  Aug 30 - 07:05 PM
  • EUR/USD opens +0.19% and EUR rose against every major currency

  • EUR getting a broad boost from rising expectations of a hawkish ECB nL8N3063LB

  • EUR/USD closed above the 10-day MA (0.9997), which is now support

  • Resistance is at Friday's 1.0090 high and 21-day MA at 1.0113

  • A break above 1.0112 would suggest a short-term bottom is in place at 0.9900

  • Possibly capping EUR/USD gains is ongoing concern over EU gas supplies nL8N3050W4

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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