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Jun 23 - 01:55 AM

EUR/USD - Consolidates As Action In JPY Crosses Dominate

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

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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