Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Dec 18 - 11:55 PM

EUR/USD - Firm Tone In Asia As USD Broadly Eases

By John Noonan  —  Dec 18 - 10:50 PM
  • EUR/USD opened 1.0601 after closing Friday at 1.0583 - 0.43%

  • Gap higher sue to early slide in USD/JPY on BOJ report nL1N33704J

  • EUR/USD filled early gap and traded to 1.0582 before moving up again

  • It traded to 1.0612 before settling around 1.0605 into the afternoon

  • EUR/USD trending higher with the 5, 10 & 21-day MAs in a bullish alignment

  • Support is at the 10-day MA @ 1.0573 and break would earn of easing momentum

  • Resistance is at the 61.8 of the 2022 fall at 1.0743

  • EUR/USD likely to consolidate as various factors offset

  • EUR/USD underpinned by rising Europe yields while recession fears cap

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2023 eFXdata · All Rights Reserved
!