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Feb 21 - 05:55 PM

EUR/USD - Soft Start After Only Modest Gain On Friday

By John Noonan  —  Feb 21 - 03:45 PM
  • EUR/USD edging lower in early trading after slipping from highs in NY Friday

  • EUR/USD closed 0.22% higher at 1.2118 after trading as high as 1.2144

  • Pair now testing hourly support around 1.2110 with the 10-day MA at 1.2108

  • More support is at the 21-day MA at 1.2093 and break increases pressure

  • Resistance is found at the 55-day MA at 1.2150 with sellers just in front

  • EUR/USD struggling to find direction - as it was flat for the week

  • USD sellers preferring to buy riskier currencies to express USD bearishness nL1N2KP278

  • EUR/GBP selling has weighed on the EUR/USD and helped cap rallies

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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