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Aug 01 - 08:55 PM

EUR/USD - Quiet Start After Making Solid Gain Last Week

By John Noonan  —  Aug 01 - 06:49 PM
  • EUR/USD steady at the open after slipping from a 1-month high at 1.1909

  • It closed 0.08% lower Friday, but still gained 0.84% for the week

  • EUR/USD stopped trending lower and is now on brink of trending higher

  • Support is at the 21-day MA at 1.1823 and 10-day MA at 1.1819

  • Resistance is at Friday's 1.1909 high and break targets 38.2 fibo at 1.1948

  • EUR/USD will likely consolidate ahead of the key US jobs report on Friday

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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