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Jun 03 - 10:55 PM

EUR/USD - Steadies After Edging To Fresh 3-Week Low

By John Noonan  —  Jun 03 - 09:54 PM
  • EUR/USD eased to fresh 3-week low at 1.2114 earlier before finding buyers

  • It has steadied around 1.2125, as market awaits key US non-farm payrolls

  • If strong US jobs pushes US yields higher, the EUR/USD will be vulnerable

  • There isn't strong support of note ahead of 1.2040/55

  • The 38.2 of the 1.1703/1.2269 move converges with the May 13 low at 1.2051

  • More support comes in at the 100-day MA at 1.2040

  • Resistance is at the 21-day MA at 1.2173 and break eases downward pressure

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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