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Apr 26 - 01:55 AM

EUR/USD - Moves Higher In Asia As USD Retreats From The Highs

By John Noonan  —  Apr 25 - 11:50 PM
  • EUR/USD opened -0.90% at 1.0712 after USD and JPY surged across the board

  • After trading 1.0707 it tracked higher led by a 0.5% drop in USD/JPY

  • USD selling continued, as risk assets steadied and USD/CNH fell from highs

  • EUR/USD is trading close to the 1.0735 session high into the afternoon

  • Resistance is at former support at 1.0755/65 where sellers are tipped

  • EUR/USD trending lwoer with the 5, 10 & 21-day MAs in a bearish alignment

  • Only a break above the 10-day MA at 1.0804 would suggest bottom is forming

  • The next level of decent support is the 2020 low at 1.0636

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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