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Thomson Reuters
Mar 08 - 02:36 AM
EUR/USD - Consolidates Losses Ahead Of US Jobs
First appeared on eFXplus on Mar 07 - 10:15 PM
  • EUR/USD traded between 1.1185/1.1201 in a quiet Asian morning session
  • Pair fell more than 1% following a surprisingly dovish ECB event
  • Key fibo support at 1.1186 (61.8 of 1.0340/1.2556) broke late NY to 1.1176
  • A more sustained break below that level would be technically bearish
  • No technical support ahead of 1.1000, but bids tipped ahead of that level
  • A strong US jobs number will likley see deeper losses for EUR/USD

eur/usd Click here

Source:
Thomson Reuters IFR Markets

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