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TDUX
Apr 05 - 09:55 PM

EUR/USD - Heavy, Going Little In Holiday-Thinned Trading

By Haruya Ida  —  Apr 05 - 09:35 PM

• EUR/USD doing little again in holiday-thinned Asian trading

• Things especially quiet with most of Europe closed for Easter Monday

• Asia range so far 1.1507-24 EBS, heavy, follows 1.1510-49 Friday

• Middle East conflict, strong US jobs report weigh

• Resistance from 1.1521 hourly Ichimoku tenkan, kijun 1.1527 above

• Descending 200-HMA which has crossed below ascending 100-HMA at 1.1536

• 100-HMA just above at 1.1539, hourly Ichimoku cloud 1.1548-68

• 1.1500 support, 1.1440-50 daily lows March 18-31, 1.1409 trough March 16

• Despite UK/European holidays, some option expiries in area today

• Some at 1.1475, between 1.1490-1.1505 and between 1.1550-70

• Massive 1.1400 E1 bln+, 1.1450 E1.5 bln expiries below

• Related comment , also , ,
EUR/USD daily:


EUR/USD hourly:


(Haruya Ida is a Reuters market analyst. The views expressed are his own)

Source:
London Stock Exchange Group | Thomson Reuters

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