Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Oct 26 - 11:55 PM

EUR/USD - Steady In Asia As Market Awaits Fresh Leads

By John Noonan  —  Oct 26 - 10:55 PM
  • EUR/USD opened -0.07% at 1.0560 after recovering from 1.0521

  • Recovery due to a fall in US yields on softer inflation component of US GDP nL1N3BW37A

  • EUR/USD was quiet in Asia and pivoted around 1.0560 for most of the morning

  • Choppy range trading has dominated price action in absence of a clear trend

  • ECB decision was a non-event as traders look for a fresh catalyst

  • US PCE is out later today and could stir volatility if they impact US yields

  • Resistance is at the 55-day MA at 1.0680 and break should see follow-through

  • Support is at Oct 3 and 2023 low at 1.0448 with bids tipped ahead of 1.0500

  • Massive option expiries today between 1.0500-1.0600 help to contain action

  • For more click on FXBUZ

Refinitiv IFR Research/Market Commentary


  • eFXplus
  • End-user license agreement (EULA)


  • About
  • Contact Us


  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2023 eFXdata · All Rights Reserved