Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Oct 13 - 01:55 AM

EUR/USD - Recovers Some Ground In Asia On Short-Covering

By John Noonan  —  Oct 12 - 11:17 PM
  • EUR/USD opened 0.20% lower at 1.1530 after USD broadly strengthened

  • Early weakness in USD/JPY helped to underpin EUR/USD in Asia

  • It traded up to 1.1555 and is settling around 1.1550 into the afternoon

  • Resistance is at the 10-day MA at 1.1570 and break eases downward pressure

  • Support is at the 50% retracement of the 1.0636/1.2349 move at 1.1492

  • Buyers are tipped ahead of 1.1500 to buffer any attempts lower

  • Fed minutes and US CPI later today could decide short-term direction

  • 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
© 2021 eFXdata · All Rights Reserved
!