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Apr 05 - 02:55 AM

EUR/USD - Moves Lower In Risk-Off Asian Session

By John Noonan  —  Apr 04 - 11:15 PM
  • EUR/USD opened barely changed at 1.0838 after retreating from 1.0876 in NY

  • Momentum lower continued in Asia as risk aversion favoured USD and JPY

  • EUR/USD traded down to 1.0824 heading into the afternoon session

  • Support is at the 10-day MA at 1.0808 and break increased downward pressure

  • Resistance is at the 21-day MA at 1.0853 and yesterday's 1.0876 high

  • Volatility expected around US non-farm payrolls later today

  • A strong US jobs reprot could send EUR/USD back to support around 1.0700

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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