By John Noonan — Oct 30 - 06:45 PM
EUR/USD opens +0.47% after USD broadly fell initially led by USD/JPY nL1N3C02AP
Unwinding of safe-haven as risk appetite improved also weighed on USD nL1N3C02EG
Key resistance for EUR/USD is at the 55-day MA at 1.0669
More resistance is at Oct 24 high at 1.0695 where sellers tipped
Close above the 10 & 21-day MAs gives EUR/USD a bullish bias
Support at the 21-day MA at 1.0570 and close below eases upward pressure
Key in Asia will be USD reaction to BOJ decision later today
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary