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Aug 12 - 09:55 PM

EUR/USD - Opens Higher After Lower Support Levels Hold

By John Noonan  —  Aug 12 - 07:35 PM
  • Opens 0.37% higher after bouncing from key support levels around 1.1700

  • Buoyant risk assets putting the JPY and USD on the defensive

  • Uncertainty about US coronavirus aid package also weighing n USD sentiment nL1N2FE0ND

  • EUR/USD support @ 1.1695/1.1700 where last week's low and 21-day MA converge

  • Sellers ahead of 1.1800 capping, but 1.1825 beak targets 1.1916 trend high

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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