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Oct 28 - 02:55 AM

EUR/USD - Pivots Around 1.1600 Ahead Of ECB

By John Noonan  —  Oct 27 - 11:11 PM
  • EUR/USD opened 1.1603 and traded in a 1.1589/1.1609 range

  • Heading into the afternoon it is trading at 1.1605/10

  • Market was very quiet ahead of the ECB meeting later today

  • Market not expecting any change to the ECB's dovish guidance at this meeting

  • EUR/USD support at 61.8 of 1.1522/1.1670 move at 1.1578

  • A break below 1.1575 targets full retracement to 1.1522

  • Resistance is at 10-day MA at 1.1617 and top formed around 1.1625

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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