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Thomson Reuters
Mar 11 - 02:36 AM
EUR/USD - Unchanged After Moving Higher Early
First appeared on eFXplus on Mar 10 - 10:55 PM
  • EUR/USD made a small gap up to 1.1245 from NY close when Asia first opened
  • Move likely due to EUR/GBP buying flows, as Brexit uncertainty on the rise
  • EUR/JPY selling pushed EUR/USD back to 1.1223 before buying emerged
  • Heading into the afternoon the EUR/USD was unchanged around 1.1230
  • EUR/USD likely to test last week's lows again if US data this week is solid
  • Market over-reacted to Friday's jobs data, as details were quite strong
  • Sellers ahead of 1.1250 with resistance at 38.2 of 1.1420/1.1176 at 1.1269
  • Support formed at 1.1175/85 with 1.1170 break targeting 1.1000

eur/usd Click here

Source:
Thomson Reuters IFR Markets

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