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Jun 23 - 08:55 PM

EUR/USD - Opens Lower After Weak EZ PMI Raises Growth Concerns

By John Noonan  —  Jun 23 - 07:10 PM
  • EUR/USD opens -0.44% after weak EZ PMI weighed in EUR sentiment nZRN004KDP

  • EUR/JPY fell 1.45%, as EUR was worst performing currency nL1N2YA1RX

  • It traded as low as 1.0483 before bouncing in US session

  • Support is at 1.0470 where it bottomed Monday and Wednesday

  • Resistance is at the 21-day MA, which descends to 1.0599 today

  • EUR/USD likely to range trade in Asia with the focus on EUR/JPY

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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