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Aug 19 - 08:55 PM

EUR/USD - Nears Support After Post-Fed Minutes Tumble

By John Noonan  —  Aug 19 - 06:45 PM
  • EUR/USD opens 0.76% lower after USD firmed after Fed Minutes nL1N2FL1AK

  • The steep decline leaves EUR/USD poised above key short-term support levels

  • The 10-day MA is at 1.1819 and the 21-day MA is at 1.1792

  • A daily close below 1.1790 would suggest a correction is under way

  • Sellers tipped between 1.1890/1.1910 to cap rallies in the immediate-term

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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