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Sep 09 - 11:55 PM

EUR/USD - Recovers From Early Dip As Risk Gets Boost From Biden/Xi Talks

By John Noonan  —  Sep 09 - 11:00 PM
  • EUR/USD opened slightly higher at 1.1824 after muted reaction to ECB

  • It dipped to 1.1819 early Asia before getting support from buoyant risk

  • AXJ equity index rose over 0.50% on report Biden and Xi spoke by phone nB9N2PY004

  • EUR/USD edged higher and is settling just around 1.1830

  • Resistance is at the 10-day MA at 1.1838 with sellers tipped at 1.1850

  • Bids are eyed ahead of 1.1800 with support at 21-day MA at 1.1788

  • EUR/USD likely to range trade with the ECB meeting out of the way

  • For more click on FXBUZ

Refinitiv IFR Research/Market Commentary


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