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Oct 25 - 01:55 AM

EUR/USD - Moves Higher In Asia As USD Gives Back Some Gains

By John Noonan  —  Oct 24 - 11:05 PM
  • EUR/USD opened -0.75% at 1.0589 after weak EZ PMIs and strong US PMI weighed

  • USD gave back some gains in Asia led by a surge in AUD/USD after hot Aus CPI

  • EUR/USD traded up to a session high at 1.0604 heading into the afternoon

  • Support is at the 10-day MA at 1.0575 and 21-day MA at 1.0560

  • Resistance at the 55-day MA at 1.0695 has been validated by price action

  • EUR/USD likely to struggle due to contrasting trend in US and EZ economy

  • For more click on FXBUZ

Refinitiv IFR Research/Market Commentary


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