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Oct 25 - 11:55 PM

EUR/USD - Maintians Heavy Tone Through Asian Session

By John Noonan  —  Oct 25 - 11:12 PM
  • EUR/USD opened 0.30% lower at 1.1611 as market prices for dovish ECB

  • It remained heavy in Asia after completing bearish outside day on Monday

  • Heading into the afternoon it is just above the session low at 1.1598

  • A close below the 21-day MA at 1.1600 would add technical pressure

  • It appears a top is forming at the 38.2 of 1.1909/1.1522 move at 1.1670

  • Recent soft EZ data is hardening the view the ECB will remain dovish

  • EUR/USD may start making tracks towards the Oct 12 trend low at 1.1522

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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