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Oct 10 - 07:55 PM

EUR/USD - Steady Start After Making Small Gain On Friday

By John Noonan  —  Oct 10 - 07:26 PM
  • EUR/USD trading just below 1.1570 after rising 0.18% on Friday nL1N2R41XX

  • EUR/USD trending lower with 5, 10 and 21-day MA in a bearish alignment

  • Resistance is at the 10-day MA at 1.1592 and break eases downward pressure

  • Support at last week's 1.1529 low and break targets 1.1492

  • The 50% of 1.0636/1.2349 is at 1.1492 with buyers ahead of 1.1500

  • EUR/USD likely to range with a heavy tone in the short-term

  • For more click on FXBUZ









Source:
Refinitiv IFR Research/Market Commentary

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