Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Oct 11 - 02:55 AM

EUR/USD - Consolidates Gain In Quiet Asia Ahead Of Fed Minutes

By John Noonan  —  Oct 10 - 11:30 PM
  • EUR/USD opened +0.36% at 1.0605 as fall in US yields weighed on USD nS0N39R00R

  • In a quiet Asian session it traded in a 1.0601/14 range

  • Support is at the 21-day MA at 1.0597 and the 10-day MA at 1.0550

  • Close above 21-day MA suggests a bottom in place for more upside

  • A break above 1.0620 targets the 38.2 of July/Oct fall at 1.0764

  • EUR/USD turn higher built on dovish shift in Fed expectations

  • Fed minutes later today key for USD direction in short-term

  • 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
© 2023 eFXdata · All Rights Reserved
!