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Thomson Reuters
May 31 - 02:36 AM
EUR/USD - Idles In Asia As FX Market Sidelined
First appeared on eFXplus on May 30 - 11:35 PM
  • EUR/USD traded in a 1.1129/40 range in very quiet trading
  • News Trump announced 5% tariffs on Mexico imports only impacted CAD & MXN
  • Weaker than expected China MFG PMI had no impact on the FX market
  • Month-end flows likely to dominate trading in the sessions ahead
  • Support at double-bottom at 1.1105/10 with option strikes at 1.1100
  • Resistance at 10-day MA at 1.1160 and close above relieves downward pressure

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