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Dec 20 - 07:55 PM

EUR/USD - Opens Modestly Higher As Action Centred On JPY

By John Noonan  —  Dec 20 - 06:05 PM
  • EUR/USD opens +0.14% after being hemmed in by JPY strength and USD weakness nL1N33A22T

  • Calming equity markets helped to support EUR/USD above 1.0600 nL1N33A2JM

  • EUR/USD in range with support at 10-day MA at 1.0600 and 21-day MA at 1.0515

  • Resistance is at the 61.8 of the 2022 fall at 1.0743

  • A close below the 10-day MA at 1.0600 would warn of loss of upward momentum

  • EUR/JPY flows out of Tokyo will be key in Asian market

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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