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Jun 22 - 08:55 PM

EUR/USD - Recovery Continues After Powell Calms Investors

By John Noonan  —  Jun 22 - 07:25 PM
  • EUR/USD opens 0.21% higher, as risk assets continue to recover

  • Fed Chair Powell soothed investor concerns - indicating Fed remains patient nL2N2O42FG

  • EUR/USD continues to trend lower in short-term despite bottoming action

  • The 5, 10 & 21-day MAs remain in bearish formation and pointing lower

  • Resistance is at 200-day MA at 1.1997 and 10-day MA at 1.2010

  • Support at 76.4 of 1.1704/1.2266 at 1.1836 validated by price action

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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