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Thomson Reuters
Mar 05 - 12:12 AM
EUR/USD - Idles In Asia Ahead Of Key Events
First appeared on eFXplus on Mar 04 - 10:05 PM
  • EUR/USD could only manage a 1.1332/41 range in morning trading
  • EUR/USD bulls discouraged by fails above 1.1400, as option strikes contain
  • EUR/USD bears wary of selling into weakness, as range trading continues
  • Support at 61.8 fibo of the 1.1234/1.1420 move, which held dip Monday
  • Resistance at 10-day MA at 1.1352 and close above eases downward pressure
  • Market likely to stay in range ahead of ECB meeting Thursday & US NFP Friday

eur/usd Click here

Source:
Thomson Reuters IFR Markets

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