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Jun 23 - 10:55 PM

EUR/USD - 1.1920/25 Strikes Support - Setup Remains Negative

By Andrew M Spencer  —  Jun 23 - 09:03 PM

  • Steady after closing off 0.15% with the USD a shade firmer

  • EU envoy urges U.S. to ease travel restrictions on Europeans nL2N2O52DP

  • Charts; 21 day Bollinger bands ease, 10 & 21 daily moving averages fall

  • Trending setup targets 1.1837, 76.4% March-May rise, which held Friday

  • Close above the 1.1997 200 DMA needed to undermine the downside bias

  • 1.796 BLN 1.1920/1.1925 and 672M 1.1940/50 are today's close strikes

  • NY 1.1920 - 1.1970 range is initial support and resistance

For more click on FXBUZ


eur jun 24 Click here

Source:
Refinitiv IFR Research/Market Commentary

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