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May 29 - 12:12 AM

EUR/USD - Eases After Making Fresh 2-Month High

By John Noonan  —  May 27 - 11:55 PM
  • EUR/USD opened 0.24$ higher at 1.1008 after whippy US session

  • Asia was risk-on early as S&P futures moved over 0.4% higher

  • EUR/USD traded to fresh 2-month high at 1.1035 as EUR/JPY buying underpinned

  • Asian equities gave back some ground and the EUR/USD settled around 1.1010

  • It is trading around the 200-day MA @ 1.1011 & close above would be bullish

  • A close above 1.1030 targets the March 27 high at 1.1148

  • Support at the 10-day MA @ 1.0940 and close below would suggest top in place










Source:
Refinitiv IFR Research/Market Commentary

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