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Aug 28 - 01:55 AM

EUR/USD - Soft In Asia, As The USD Finds Support

By Andrew M Spencer  —  Aug 27 - 11:55 PM
  • Trades off 0.2% at the base of a 1.1162-1.1184 range with the USD up 0.2%

  • There is no significant Eurozone or US economic data today

  • Nvidia results are likely to be the most significant event risk

  • Charts; neutral daily momentum studies, 21-day Bollinger bands rise

  • 5, 10 & 21-day & week moving averages climb - signals remain bullish

  • 1.1118 10-day moving average and Thursday's 1.1098 low are key supports

  • Targets major resistance at 1.1271, 0.618% of the 2021-2022 fall

  • 1.1175 988 mln and 1.1200 1.483BLN are the close strikes for August 28th

For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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