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Dec 30 - 11:55 PM

EUR/USD - Maintains Heavy Tone As Year Comes To A Close

By John Noonan  —  Dec 30 - 10:13 PM
  • EUR/USD opened -0.19% at 1.1325 after USD firmed on strong US data nL1N2TF0OH

  • Pair traded 1.1318/29 and was around 1.1320 into the afternoon session

  • Support is at the 10-day MA at 1.1316 and the 21-day MA at 1.1304

  • A close below 1.1300 would add to downward pressure

  • Resistance is at the 38.2 of 1.1692/1.1186 move at 1.1279

  • A break above 1.1380 targets the 55-day MA at 1.1403

  • Barring news, the EUR/USD will likely consolidate into year-end

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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