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Sep 12 - 10:55 PM

EUR/USD - Quiet Start S Recent Ranges Holding For Now

By John Noonan  —  Sep 12 - 08:02 PM
  • EUR/USD around 1.1810 after easing during US session on higher US yields

  • Buyers ahead of 1.1800 continue to underpin while sellers eyed around 1.1850

  • Support is at 21-day MA at 1.1789 and break would suggest top is in place

  • Resistance is at the 10-day MA at 1.1838 and Friday's high at 1.1851

  • The event risk this week is US CPI to be released on Tuesday

  • A hotter than expected US CPI would support USD and weigh on EUR/USD

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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