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Dec 21 - 07:55 PM

EUR/USD - Opens Slightly Higher While Sellers Above 1.1300 Cap

By John Noonan  —  Dec 21 - 05:58 PM
  • EUR/USD opens +0.14% after risk rally weighed on USD and JPY nL1N2T61XD

  • For the second straight day - sellers just above 1.1300 capped rallies

  • EUR/USD just missed closing above Tuesday's 10-day MA at 1.1292

  • The 10-day MA descends to 1.1286 while the 21-day MA is at 1.1287

  • A close above those readings would suggest a bottom is forming

  • A break above 1.1310 targets multiple tops between 1.1360/90

  • Buyers are tipped between 1.1220/40 with Nov trend low at 1.1186

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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