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Jul 17 - 09:48 PM
EUR/USD - Holding Above Support As Lower US Yields Underpin
First appeared on eFXplus on Jul 17 - 07:40 PM
  • EUR/USD managed a small bounce from 1.1200, as US yields eased
  • Dovish Fed expectations remain entrenched despite recent upbeat US data
  • EUR/USD support around 1.1180 where June 18 low & 76.4 retracement converge
  • Resistance at the 10-day MA at 1.1234 and break relieves downward pressure
  • EUR/USD likely to stay in narrow range in Asian session

eur/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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