Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Jun 06 - 01:55 AM

EUR/USD - Idles Above 1.0700 In Quiet Start He Week

By John Noonan  —  Jun 05 - 11:50 PM
  • EUR/USD opened 1.0725 after easing 0.24% Friday when USD strengthened after US jobs nL1N2XQ1NQ

  • It traded in a 1.0710/31 range and is settled at 1.0720/25

  • Bids ahead of 1.0700 underpinning EUR/USD for now

  • Support is at the 21-day MA at 1.0615 and break confirms top is in place

  • Key resistance is at the 38.2 of the 2022 high/low at 1.0786

  • Risk assets were relatively buoyant - as E-minis rallied 0.50%

  • The EUR/USD would likely benefit if equities rebound after Friday fall

  • Market also eyeing US Treasury yields, as the 10-year yield eased 2 BPs to 2.94%

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2022 eFXdata · All Rights Reserved
!