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Jun 30 - 01:55 AM

EUR/USD - Drifts Higher In Quiet Asia But Bias Is Still For Lower

By John Noonan  —  Jun 29 - 11:40 PM
  • EUR/USD opened -0.75% at 1.0442 after USD firmed and EUR/CHF sold off

  • After trading at 1.0433 early Asia - EUR/USD drifted higher

  • Heading into the afternoon it is trading around session high at 1.0457

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

  • A break above the 10-day MA at 1.0518 would ease downward pressure

  • Next support is at the June 15 low at 1.0359 ahead of the 2022 low at 1.0349

  • Key support is at the 2017 trend low at 1.0340 and break would be very bearish

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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