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May 24 - 08:36 PM

EUR/USD - Cautious Start After Friday's Fall

By John Noonan  —  May 24 - 05:50 PM
  • EUR/USD opens just below 1.0900 after falling 0.43% on Friday

  • Pair retreated to middle of range as China tensions boosted USD and JPY

  • Support is found at the 10-day MA at 1.0886 and 21-day MA at 1.0873

  • Fibo support at 1.0864, which is 61.8 of 1.0775/1.1008

  • Hourly resistance around 1.0915 with sellers tipped 1.095/55

  • Key today will be EUR/JPY flows and moves in risk assets

  • Market will be thin with Singapore, London and NY on holiday











Source:
Refinitiv IFR Research/Market Commentary

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