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Oct 01 - 01:55 AM

EUR/USD - Bid In Asia Ahead Of Tier-One EZ And US Data

By Andrew M Spencer  —  Sep 30 - 11:45 PM
  • +0.05% in a 1.1127-1.1143 range, as markets settled in Asia, EUR/JPY +0.3%

  • PMIs across Europe then EZ Core flash CPI leads data - key for the ECB

  • U.S. ISM Manufacturing PMI, Jolts job openings will drive UST yields and USD

  • Charts - daily momentum studies ease gently, 21-day Bollinger bands rise

  • 5, 10 & 21-day moving averages coil - neutral setup as consolidation extends

  • Last week's 1.1214 high and 1.1271, 0.618% 2021/22 fall are first resistance

  • The 1.1084 low last week, then the 1.1068 Sep 19th base are initial supports

  • 1.1100 2.619 BLN are the close significant strikes for October 1st

For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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