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Sep 03 - 01:55 AM

EUR/USD - Hovering Around Wednesday's Low As USD Bid In Asia

By John Noonan  —  Sep 02 - 11:40 PM
  • EUR/USD opened 0.47% lower at 1.1856 as USD recovery continued

  • It moved lower in early Asia after Tokyo arrived to buy USD/JPY first up

  • EUR/USD traded heavy all morning and is trading at session low @ 1.1821

  • A daily close below 21-day MA at 1.1837 targets last week's low at 1.1762

  • A weekly close below 1.1762 completes a bearish outside week

  • Resistance not at former support at 10-day MA at 1.1850

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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