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Jun 15 - 01:55 AM

EUR/USD - Recovers From Early Weakness In Quiet Session

By John Noonan  —  Jun 14 - 11:45 PM
  • EUR/USD opened 1.1250 after closing 0.4% lower at 1.1255 on Friday

  • S&P futures opened 1.5% lower and encouraged EUR/JPY selling

  • EUR/USD fell to 1.1227 (EBS) before buyers returned to underpin

  • Heading into the afternoon it is unchanged around 1.1255

  • Support at Friday's 1.1212 low with bids tipped ahead of 1.1200

  • Break below 1.1200 targets next support at 38.2 of 1.0727/1.1422 at 1.1157

  • Resistance is at the 10-day MA 1.1285 and break would ease downward pressure

  • Friday's close below the 10-day MA suggests short-term top in place @ 1.1422










Source:
Refinitiv IFR Research/Market Commentary

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