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Jul 19 - 08:55 PM

EUR/USD - Bid In Early Asia After Tuesday's Solid Gain

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

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