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Jun 22 - 09:55 PM

EUR/USD - Edging Above 10-Day MA After Strong Gain On Monday

By John Noonan  —  Jun 22 - 07:40 PM
  • EUR/USD edging above 10-day MA at 1.1267 in early Asia

  • Pair rose 0.73% on Monday on EUR/JPY buying as risk assets rallied nL1N2DZ1OW

  • Resistance in EUR/USD at 50% of 1.1422/1.1168 move at 1.1295

  • Break above 1.1300 targets the 61.8 of that move at 1.1325

  • Support at 21-day MA at 1.1221 and break would ease upward pressure

  • Key in Asia will be EUR/JPY flows after the cross rose 0.72%










Source:
Refinitiv IFR Research/Market Commentary

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