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Jun 28 - 08:55 PM

EUR/USD - Opens Lower On Broad USD Strength And Less Hawkish ECB

By John Noonan  —  Jun 28 - 07:50 PM
  • EUR/USD opens -0.58% after USD broadly strengthened on risk aversion

  • EUR/USD lost ground after ECB President Lagarde favoured "gradual" tightening nF9N2WY00V

  • EUR/USD topped out at 1.0606 - with the 55-day MA now at 1.0608

  • More resistance at the 61.8 of 1.0787/1.0359 move at 1.0623

  • EUR/USD closed below the 10-day MA (1.0536) to increase downward pressure

  • Support is at the double-bottom at 1.0470 and break targets 1.0359

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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