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Aug 17 - 01:55 AM

EUR/USD - Steady In Asia Ahead Of Fed Minutes

By John Noonan  —  Aug 17 - 12:00 AM
  • EUR/USD opened +0.12% at 1.0171 after recovering from 1.0122 intraday

  • It was largely ignore in Asia and traded in a 1.0166/1.0177 range

  • Support is at the 61.8 of 0.9952/1.0369 move at 1.0111

  • Resistance is at the 21-day MA at 1.0209 and10-day MA at 1.0222

  • EUR/USD likely to drift ahead of the Fed minutes later today

  • Some analysts warn the Fed may sound a hawkish note in the minutes

  • This is due to the market pricing in a slowing of Fed tightening further out

  • US retail sales may also have an impact n sentiment

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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