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Sep 08 - 08:55 PM

EUR/USD - Barely Changed After Hawkish ECB And Hawkish Powell Offset

By John Noonan  —  Sep 08 - 07:25 PM
  • EUR/USD opens around 1.0000 for the second day in a row

  • ECB hiked 75 BPs as expected and remained hawkish in outlook

  • EUR/USD traded to 1.0030 before easing after hawkish Powell comments nL1N30F1CM

  • Resistance is at 21-day MA which descends from 1.0039 to 1.0024 today

  • A close above the 21-day MA would suggest a bottom is in place for now

  • Support is at the 10-day MA at 0.9981 and yesterday's 0.9931 low

  • EUR/USD not trending, but short-term outlook favourable if 1.0025 gives way

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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