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Feb 21 - 12:12 AM

EUR/USD - Ranges Just Below 1.0800 In Risk-Off Asia

By John Noonan  —  Feb 20 - 10:20 PM
  • EUR/USD opened 1.0784 and traded in a 1.0784/93 in Asia

  • Talk of option barrier at 1.0775 discouraged fresh selling

  • Asia turned risk-off late morning, but had no impact in EUR/USD

  • Resistance at 10-day MA at 1.0838 and break could spark small correction

  • Trend indicators still pointing lower, as USD strength broadens






eur/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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