Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Jul 20 - 01:55 AM

EUR/USD - Moves Higher As Asia Retains Risk-On Mood

By John Noonan  —  Jul 19 - 11:45 PM
  • EUR/USD openend +0.76% @ 1.0221 after hawkish ECB expectations and risk rally underpinned nL1N2Z01TAnL1N2Z020R

  • Risk rally in Asia continued and EUR/USD drifted higher nL4N2Z10GI

  • EUR/USD traded to 1.0252 and is 1.0240/45 into the afternoon

  • Resistance is at the 38.2 of the 1.0787/0.9952 move at 1.0271

  • More resistance is at the 21-day MA at 1.0294 and break targets 1.0350/70

  • Risk for EUR/USD bulls would be 25 BP hike by ECB Thursday instead of 50 BPs

  • EUR/USD support @ 10-day MA at 1.0120 and break returns pressure to downside

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2022 eFXdata · All Rights Reserved
!