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Oct 11 - 01:55 AM

EUR/USD - Range Trades Around Friday Close In Quiet Asia

By John Noonan  —  Oct 10 - 11:14 PM
  • EUR/USD opened 1.1565 after closing Friday up 0.18% at 1.1575

  • The range in Asia was 1.1563/84 and is around 1.1570 into the afternoon

  • EUR/USD trending lower with the 5, 10 and 21-day MAs in a bearish alignment

  • A break above the 10-day MA at 1.1592 would ease the downward pressure

  • Support is @ last week's low @ 1.1529 and 50% of 1.0636/1.2349 move @ 1.1492

  • It is a partial holiday in the US so price action may be muted in Europe

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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