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Nov 24 - 01:55 AM

EUR/USD - Eases Slightly In Quiet Asian Session

By John Noonan  —  Nov 23 - 10:41 PM
  • EUR/USD opened +0.14% at 1.1249 after bouncing during US session

  • It eased in Asia and traded to 1.1235 and is at the lows into the afternoon

  • EUR/USD trending lower with the 5, 10 and 21-day MAs in a bearish alignment

  • Resistance is at the 10-day MA at 1.1329 and break would ease the pressure

  • Buyers tipped at 1.1200, but no support until 76.4 of 2020/21 move at 1.1040

  • EUR/USD to remain under pressure while Fed and ECB expectations diverge

  • For more click on FXBUZ









Source:
Refinitiv IFR Research/Market Commentary

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