Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
May 25 - 05:00 AM

EUR/USD - Drifting Lower In Quiet Asia With Support Eyed

By John Noonan  —  May 24 - 11:40 PM
  • EUR/USD opened 0.42% lower at 1.0904 and traded 1.0887/1.0908

  • It is around the session low heading into the afternoon

  • EUR/USD trading heavy despite S&P futures trading 0.33% higher

  • FX market remains wary of building tensions between US and China

  • Uncertainty on future of France-German support plan also weighs nL8N2D5064

  • EUR/USD approaching decent support between 1.0860/1.0885

  • 10-day MA is 1.0885; 21-day MA is 1.0873 and 61.8 of 1.0775/1.1008 is 1.0864

  • A break below 1.0860 targets the May 14 low at 1.0775

  • Hourly resistance is at 1.0915 and sellers re tipped 1.0950










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
!