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Sep 23 - 08:55 PM

EUR/USD - Opens Lower As EZ Economic Concerns Add To Woes

By John Noonan  —  Sep 23 - 07:20 PM
  • EUR/USD opens 0.41% lower at 1.0660 as USD buying accelerates

  • Falling risk assets supporting USD while weak EZ PMI add to pressure on EUR nL5N2GK1NO

  • Concerns over second COVID wave in Europe throws doubt on economic recovery

  • EUR/USD trending lower as 5, 10 and 21-day MAs in bearish alignment

  • Support at the 50% retracement of 1.1168/1.2014 move at 1.1591

  • Resistance at former support at 1.1690/95 and break eases downward pressure

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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