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Oct 02 - 01:55 AM

EUR/USD - Heavy Tone As US Political Uncertainty Weighs

By John Noonan  —  Oct 01 - 11:55 PM
  • EUR/USD opened 0.25% higher at 1.1750 and settled 1.1735/45

  • News Trump aide tested positive for coronavirus weighed on risk nL1N2GT00W

  • E-Mini futures slipped lower and were down close to 0.50% at one stage

  • Risk currencies moved lower against USD and JPY on US political uncertainty

  • EUR/USD fell to 1.1714 and was just above that level into the afternoon

  • Support is at the 10-day MA at 1.1703 and break shifts pressure to downside

  • Resistance is at the 21-day MA at 1.1768 and yesterday's 1.1770 high

  • Market now awaiting news on results of Trump coronavirus test

  • For more click onFXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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