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Thomson Reuters
Jan 29 - 02:36 AM
EUR/USD - Quiet Range In Asia Ahead Of Key Events
First appeared on eFXplus on Jan 28 - 10:40 PM
  • EUR/USD idled in a 1.1421/34 range in a quiet Asian morning session
  • Market sitting in hands ahead of a week full of event risk
  • Support from perception Fed will deliver a dovish/neutral hold Wednesday
  • EUR/USD continues to revert to middle of 1.12/1.16 range since early October
  • Close support at 21-day MA at 1.1415 and 55-day MA at 1.1388
  • Resistance at 100-day MA at 1.1446 and 61.8 of 1.1570/1.1289 at 1.1462

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