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May 15 - 06:12 PM

EUR/USD - Vulnerable But Lower End Of Range Deters Sellers

By John Noonan  —  May 14 - 06:35 PM
  • EUR/USD edged below trend-line support at 1.0780, but didn't follow-through

  • Traders reluctant to sell into weakness due to range-trading bias

  • Trend-line support at 1.0784 today and close below would be bearish

  • Minor support @ May 7 low @ 1.0766 with more support @ Apr 24 low @ 1.0727

  • Resistance at the 10-day MA at 1.0820 and 21-day MA at 1.0846










eurusd Click here

Source:
Refinitiv IFR Research/Market Commentary

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