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Aug 26 - 08:55 PM

EUR/USD - Opens Slightly Lower After USD Firms On Hawkish Fed Comments

By John Noonan  —  Aug 26 - 07:13 PM
  • EUR/USD opens 0.18% lower after hawkish comments from Fed officials nL1N2PX1ZK

  • Market has to price in possible hawkish slant in Powell speech later today

  • EUR/USD sellers at 1.1775/80 capped price action for second straight day

  • The 21-day MA is at 1.1767 and close above would shift pressure to upside

  • EUR/USD buyers at 1.1725/30 and break below 1.1720 targets support at 1.1664

  • EUR/USD likely to trade in 1.1730/80 ahead of Powell Jackson Hole speech

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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