By John Noonan — Oct 09 - 11:00 PM
EUR/USD opened -0.18% at 1.0567 after EUR under-performed Monday
EUR fell against every major currency as EZ yields eased nL1N3BF0J6
It was quiet in Asia and EUR/USD traded in a 1.0565/83 range
Heading into the afternoon it is trading around 1.0570/75
Resistance is @ 21-day MA @ 1.0602 and break would suggest bottom has formed
Support is at the 10-day MA at 1.0536 and Monday's low at 1.0519
EUR/USD underpinned by dovish shift in Fed expectations nL1N3BF25Y
It needs to break above 1.0610 to establish upward momentum
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary