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Aug 22 - 08:55 PM

EUR/USD - Opens Sharply Lower As EU Energy Crisis Deepens

By John Noonan  —  Aug 22 - 07:20 PM
  • EUR/USD opens 0.97% at a 19-year low on EU energy crisis and stronger USD nL1N2ZY1HM

  • There isn't technical support of note - with only monthly lows around 0.9600

  • Sentiment is extremely bearish and EUR/USD in over-sold territory

  • Trend is lower with the 5,10 & 21-day MAs in a bearish alignment

  • Sellers are lined up ahead of 1.0000 with resistance around 1.0050

  • EUR/USD likely to remain pressured ahead of Powell speech at Jackson Hole Friday

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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