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Apr 24 - 07:55 PM

EUR/USD - Edges Below 1.0800 As USD Broadly Bid In Early Asia

By John Noonan  —  Apr 24 - 06:55 PM
  • EUR/USD is below Friday's 1.0809 close after spike above 1.0850 proved short-lived

  • EUR/USD opened 1.0852 in a knee-jerk reaction to Macron election win in France nL1N2WM021

  • Market had already priced in a Macron win so gap was filled quickly

  • EUR/USD has traded to 1.0796 with support at Friday's 1.0771 low

  • A break below 1.0770 puts the trend low at 1.0758 under threat

  • USD broadly bid in early Asia with USD/JPY +0.20%

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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