By John Noonan — Jul 19 - 07:10 PM
EUR/USD opened +0.76% at 1.0221 and has pushed up to 1.0240 early Asia
Move higher Tuesday due to risk-on mood and hawkish turn in ECB expectations nL1N2Z01TA
EUR/USD may remain firm until ECB meets on Thursday
Resistance is @ 38.2 of 1.0787/0.9952 move @ 1.0271 and 21-day MA @ 1.0294
Support is at the 10-day MA at 1.0120, which was Tuesday's low
Risk for EUR/USD would be if ECB 'only' hikes 25 BPs when they meet Thursday
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary