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Aug 30 - 01:55 AM

EUR/USD - Edges Lower In Asia As US Yields Firm Slightly

By John Noonan  —  Aug 29 - 11:40 PM
  • EUR/USD opened +0.56% at 1.0879 after US yields slid on weak US data nL1N3AA264nL1N3AA27T

  • EUR/USD eased in Asia as USD firmed across the board

  • US yields edged higher from the NY lows and helped the USD to steady

  • EUR/USD traded down to 1.0864 and is 1.0865/70 heading into the afternoon

  • Resistance is @ 21-day MA @ 1.0903 and break would signal end of down-trend

  • Support is at the 10-day MA at 1.0953 and trendline support is at 1.0775

  • Markets reacting to all data and there is plenty left this week

  • EZ CPI and US NFPs will likely determine short-term di9rection

  • For more click on FXBUZ

Refinitiv IFR Research/Market Commentary


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