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Feb 14 - 07:55 PM

EUR/USD - Steady Start After Small Dip On Friday

By John Noonan  —  Feb 14 - 06:46 PM
  • EUR/USD quietly trading around 1.2120 in early Asia

  • It eased 0.12% to 1.2118 on Friday after trading as low as 1.2081

  • Longs were trimmed after several attempts to push it above 1.2150 failed

  • The 50% of 1.2349/1.19522 move is at 1.2150 and validated by price action

  • Support is at the 10-day MA at 1.2075 and break would suggest top is forming

  • Range trading expected with LNY in Asia ahead of a US holiday

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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