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Oct 20 - 11:55 PM

EUR/USD - Grinding Higher As USD Remains Soft In Asia

By John Noonan  —  Oct 20 - 10:51 PM
  • EUR/USD opened at 1.1650 when USD eased during US session

  • It grinded higher through the morning as the USD retained an offered tone

  • Heading into the afternoon it is at the session high at 1.1666

  • Resistance is at the 38.2 of the 1.18909/1.1522 move at 1.1670

  • A clear break targets 1.1715 where the 50% retrace and 55-day MA converge

  • Support is at the 21-day MA at 1.1615 and break eases upward pressure

  • For more click on FXBUZ











Source:
Refinitiv IFR Research/Market Commentary

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