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Aug 14 - 01:55 AM

EUR/USD - Consolidates Above 1.1800 In Quiet Asia

By John Noonan  —  Aug 13 - 11:45 PM
  • EUR/USD opened 0.25% higher at 1.1814 and traded in a 1.11802/20 range

  • Heading into the afternoon it is settling around 1.1810

  • Weaker than expected China data had little impact on the majors nL4N2FG0AB

  • EUR/USD support is at the 21-day MA @ 1.1718 and this week's low @ 1.1711

  • Resistance is at Thursday's 1.1865 high and the Aug 6 trend high at 1.1916

  • EUR/USD has been consolidating since the short-term trend higher ended

  • Stalled talks on a US coronavirus aid bill could underpin EUR/USD nL4N2FG02R

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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