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Oct 23 - 08:55 PM

EUR/USD - Choppy Start As USD Mixed In Early Asia

By John Noonan  —  Oct 23 - 06:55 PM
  • EUR/USD gained 0.78% Friday due to dovish turn in Fed expectations and USD/JPY collapse nL1N31M2ERnL4N31M06A

  • EUR/USD moved up 0.37% to 0.9899 in early Asia led by rise in GBP/USD nL1N31O0HL

  • It gave back all the gains when Tokyo arrived and bought USD/JPY to 149.00

  • EUR/USD support at 10-day MA at 0.9789 and 21-day MA at 0.9779

  • Key resistance at trend-line drawn from Feb that comes in at 0.9951

  • A clear break above the trend line would indicate a bottom is in place

  • For more click on FXBUZ

Refinitiv IFR Research/Market Commentary


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