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Nov 28 - 10:55 PM

EUR/USD - Weakens In Asia As Friday's Risk Selloff Reverses

By John Noonan  —  Nov 28 - 09:58 PM
  • EUR/USD opened 1.1310 after rising 1% Friday when Omicron news shook markets nL1N2SH1NO

  • After rising to 1.1335 the EUR/USD tracked lower as risk assets moved higher

  • E-minis rose around 1.0% while the AXJ equity index only eased 0.15%

  • Report from S. Africa Omicron symptoms may be less severe underpinned risk nL1N2SJ0DR

  • US Treasury yields moved higher with 10-year yield rising 6 BPs to 1.54%

  • EUR/USD moved below 10-day MA at 1.1280 and is at session low at 1.1277

  • Bids are tipped at 1.1225/30 with support at Friday's 1.1205 low

  • Resistance is at the 38.2 of the 1.1692/1.1186 move at 1.1379

  • Trading likely to remain choppy as Omicron uncertainty overhangs market

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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