Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Sep 16 - 08:55 PM

EUR/USD - Opens Lower As Longs Pare Back After Fed

By John Noonan  —  Sep 16 - 07:05 PM
  • EUR/USD opens 0.25% lower after easing in wake of FOMC

  • EUR/USD was pressured by EUR/JPY and EUR/GBP selling before Fed event

  • Close below the 10-day MA at 1.1827 increases technical pressure

  • Objective of current move is double-bottom formed at 1.1750/55

  • Resistance at the 10-day MA at 1.1823 and 21-day MA at 1.1839

  • Break back above 1.1840 would relieve the downward pressure

  • Key to direction is Asia will be EUR/JPY flows out of Tokyo

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2020 eFXdata · All Rights Reserved
!