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EUR/USD Moves Lower In A Channel

EUR/USD Moves Lower In A Channel

Published at: Feb 03, 2022
Tickmill
Tickmill
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EUR/USD opened at 1.1274 after USD fell for the second straight day. In a quiet Asian session, the EUR/USD eked out a 1.1268/78 range.

Much of Asia was closed, but open equity markets moved higher, and E-minis rose 0.47%. EUR/USD resistance is at 55-day MA at 1.1305 and 21-day MA at 1.1317.

10-day MA at 1.1260 held in Asia with more support at yesterday's 1.1220 low.

EUR/USD daily price chart.
EUR/USD daily price chart.


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