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Oct 30 - 07:55 PM

EUR/USD - Opens Higher As USD Weakens Across The Board

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

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