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Aug 13 - 01:55 AM

EUR/USD - Moved Higher As USD Broadly Offered

By John Noonan  —  Aug 12 - 11:35 PM
  • EUR/USD opened 0.37% higher after strong recovery in Europe and US markets

  • USD on the back foot again as impasse on US coronavirus aid package weighs nL4N2FF0JU

  • USD also undermined by a 1.0% rise in the gold price during Asian session

  • EUR/USD traded as high as 1.1817 and is around 1.1810 into the afternoon

  • Sellers around 1.1820 cap for now but break targets 1.1916

  • Support formed around 1.1695 where last week's low and 21-day MA converge

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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