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Apr 22 - 08:55 PM

EUR/USD - Opens Lower After Dovish Lagarde And Wall Street Fall

By John Noonan  —  Apr 22 - 06:45 PM
  • EUR/USD opens 0.17% lower after whippy trading around ECB event

  • It traded as high as 1.2070 before dovish Lagarde press conference weighed nL1N2MF0NGnL1N2MF2FC

  • USD and JPY buying after report of Biden tax plans weighed on Wall Street nL1N2MF347

  • EUR/USD support @ 10-day MA @ 1.1992 and break would suggest waning momentum

  • More support at 38.2 of 1.1704/1.2080 move at 1.1936

  • Resistance has formed at 1.1970/80 where selling is tipped

  • For more click on FXBUZ










aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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