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Dec 23 - 09:48 PM
EUR/USD - Holds Support As Option Related Buying Underpins
First appeared on eFXplus on Dec 23 - 06:50 PM
  • Option related bids at 1.1070 held when EUR/USD came under pressure

  • Soft US data helped the EUR/USD bounce back towards 1.1100 nL1N28V05F

  • Support at 61.8 of 1.0981/1.1200 move at 1.1064

  • Resistance at 10-day MA at 1.1117 and close above eases downward pressure

  • Sideways trading expected in Asia ahead of the Christmas holiday






eur/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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