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Jan 08 - 11:55 PM

EUR/USD - Firms In Asia As USD/JPY Leads USD Lower

By John Noonan  —  Jan 08 - 10:10 PM
  • EUR/USD opened +0.10% at 1.0950 after US yields slipped and weighed on USD nL1N3DY1OG

  • It moved up in Asia when USD/JPY fell 0.5% on Tokyo's return from holiday

  • EUR/USD moved up to 1.0963 and is at session high into the afternoon

  • Resistance is at the 10-day MA at 1.0991 and break increases upward momentum

  • Support is at the 38.2 of the Oct-Dec rise at 1.0876

  • EUR/USD likely to remain range-bound ahead of key US CPI on Thursday

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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