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Thomson Reuters
Feb 11 - 03:48 AM
EUR/USD - Consolidates At Recent Low In Quiet Asia
First appeared on eFXplus on Feb 10 - 10:40 PM
  • EUR/USD traded in a 1.1315/27 range during a quiet morning session
  • EUR/USD barely moved through wild price action in the USD/CHF
  • USD/CHF went from 1.0017 to 1.0100 on heavy stop loss buying
  • I then settled below 1.0000 as the EUR/USD sat still throughout
  • EUR/USD sentiment bearish, but sellers reluctant at bottom of range
  • Support at Jan 24 low at 1.1289 and Nov 12 low at 1.1216
  • Resistance at 1.1390/1.1400 where 10 & 21-day MAs converge

eur/usd Click here

Source:
Thomson Reuters IFR Markets

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