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Feb 17 - 07:55 PM

EUR/USD - Opens Lower As Strong US Data Sparks Selling

By John Noonan  —  Feb 17 - 05:36 PM
  • EUR/USD opens 0.53% lower after strong US retail sales boosted USD nL1N2KM1PY

  • EUR/USD traded to 1.2023 before US yields eased and capped USD upside nL1N2KN1CN

  • Key support for EUR/USD comes in at the 100-day MA around 1.2000

  • Resistance has formed 1.2090/1.2100 where the 10 & 21-day MAs converge

  • Sentiment bearish due USD favourable yield and economic comparison with EZ

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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