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Aug 22 - 07:55 PM

EUR/USD - Hovering Around 1.1700 After Risk Assets Bounce

By John Noonan  —  Aug 22 - 06:34 PM
  • EUR/USD off to a quiet start after rising 0.20% Friday nL1N2PR1KG

  • Support has formed at 1.1660/65 after it bottomed there Thursday and Friday

  • A break below 1.1660 targets the Nov 202 low at 1.1602

  • EUR/USD trending lwoer with 5, 10 and 1-day MAs in bearish alignment

  • Resistance is at the 10-day MA at 1.1724 and break eases pressure

  • EUR/USD may consolidate this week ahead of Jackson Hole nL1N2PR28M

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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