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Dec 21 - 07:55 PM

EUR/USD - Closes Lower As Range Trading Continues

By John Noonan  —  Dec 21 - 05:55 PM
  • EUR/USD opens -0.17% as it struggles to find a sustained direction

  • It is hugging the10-day MA, which comes in at 1.0604 today

  • Support is at 21-day MA at 1.0524 and break would increase downward pressure

  • Offers between 1.0650/65 capping rallies and stalling upward momentum

  • Resistance is at the 61.8 of the 2022 fall at 1.0743

  • Range trading likely to continue in Asia as market thins out ahead of holidays

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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