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Thomson Reuters
Oct 09 - 02:36 AM
EUR/USD - Idles In Very Narrow Range In Asia
First appeared on eFXplus on Oct 08 - 11:05 PM
  • EUR/USD could only manage a 1.1485/95 range during the Asian morning
  • Most of the focus on JPY-crosses as Tokyo returns from long weekend
  • EUR/USD trending lower, but buyers ahead of 1.1460 causing a stall
  • Italian budget concerns and higher USD yields limiting rallies
  • Break below 1.1450 could see the Aug 15 trend low at 1.1301 come in focus
  • A break back above the 10-day MA at 1.1560 would suggest S/T bottom in place

eur/usd Click here

Source:
Thomson Reuters IFR Markets

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