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Jul 06 - 01:55 AM

EUR/USD - Edges Higher As Risk Currencies Lead USD Lower

By John Noonan  —  Jul 05 - 11:48 PM
  • EUR/USD opened little changed at 1.1866 and traded in a 1.1859/75 range

  • AUD and NZD surged higher in Asia and gave the USD a broadly offered tone

  • EUR/USD resistance is at 10-day MA at 1.1892 and break would ease pressure

  • EUR/USD still in downtrend with 5, 10 and 21-day MAs in bearish alignment

  • Buyers are tipped ahead of 1.1850 with support at Friday's 1.1807 low

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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