By John Noonan — Jun 22 - 11:50 PM
EUR/USD opened +0.31% at 1.0568 after rising on Powell testimony nL1N2Y924F
EUR/USD sidelined in Asia and consolidated in a 1.0556/80 range
Heading into the afternoon it was trading around 1.0570
The action was in the JPY/crosses and AUD/JPY fell close to 1.0%
Key commodities remained under pressure in Asia after Wednesday's slide nL1N2YA026
EUR/USD resistance @ 21-day MA @ 1.0611 - break would suggest bottom in place
Support formed at 1.0470 where it bottomed Monday and Wednesday
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Source:
Refinitiv IFR Research/Market Commentary