Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
May 21 - 06:12 PM

EUR/USD - Opens Higher As USD Falls As Risk Assets Rise

By John Noonan  —  May 20 - 07:05 PM
  • EUR/USD opens 0.50% higher around 1.0980 after topping at 1.0999

  • USD weaker against every major currency except the GBP

  • Risk assets continue to gain on optimism global economy will improve nL1N2D21W9

  • EUR/USD option related selling at 1.1000 with solid resistance at 1.1015/20

  • The 200-day MA is at 1.1015 while the May 1 trend high is around 1.1020

  • A break above 1.1020 targets 76.4 of 1.1148/1.0727 move at 1.1048

  • Close support @ 100-day MA @ 1.0967 with break targeting 55-day MA @ 1.0926










aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2020 eFXdata · All Rights Reserved
!