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Apr 25 - 08:55 PM

EUR/USD - Opens Lower As Risk Aversion Supports USD And JPY

By John Noonan  —  Apr 25 - 07:10 PM
  • EUR/USD opens -0.64% due to rising risk aversion on renewed banking concerns nL1N36S2D6

  • EUR/USD slightly higher early Asia on strong after-hours US earnings reports

  • Strong earnings from Microsoft and Alphabet sending E-minis up 0.5% nL4N36S4JEnL4N36S4J7

  • EUR/USD topped out Tuesday just ahead of April 14 trend high at 1.1075

  • Key support is at 21-day MA at 1.0942 and close below would warn a top is in

  • EUR/USD bulls believe ECB to be more aggressive in tightening going forward

  • Moves in Asia may be dictated by Tokyo EUR/JPY flows after 1.0% fall

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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