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Jan 06 - 07:55 PM

EUR/USD - Opens Slightly Lower Ahead Of Key US Jobs Data

By John Noonan  —  Jan 06 - 06:01 PM
  • EUR/USD opens 0.10% lower after completing a quiet inside trading day

  • It closed below the 21-day MA (1.1306) to shift the bias to the downside

  • Support is at the double-bottom formed at 1.1270/75 with bids eyed at 1.1280

  • Resistance is at the 55-day MA at 1.1374 and Dec 31 high at 1.1386

  • EUR/USD relatively resilient despite hawkish Fed expectations nL1N2TM2CV

  • Reaction to US non-farm payrolls later today likely to decide next trend

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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