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Sep 06 - 01:55 AM

EUR/USD - Moves Up On Better Risk Sentiment But Off Early Highs

By John Noonan  —  Sep 05 - 11:55 PM
  • EUR/USD opened 0.9924 after recovering from 20-year low at 0.9876

  • It immediately tracked higher once Asia opened, as shorts pared back

  • E-minis opened +0.60 % and encouraged USD and JPY selling

  • EUR/USD traded to 0.9971 before sellers returned to cap the rally

  • Heading into the afternoon it is trading around 0.9945/50

  • EUR/USD resistance is at the 10-day MA at 0.9974 where sellers eyed

  • Support is at yesterday's 0.9876 low and break would encourage selling

  • EUR/USD may settle in range ahead of key ECB decision Thursday

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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