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Jan 09 - 10:55 PM

EUR/USD - Drifts Lower As USD Firms Against EUR And JPY

By John Noonan  —  Jan 09 - 10:10 PM
  • EUR/USD opened around 1.1355 after rising 0.55% Friday on US jobs data miss nL1N2TN1SU

  • It traded at 1.1360 early before stating a slow drift lower

  • Heading into the afternoon it is at the session low at 1.1338

  • USD firmed against EUR & JPY while risk currencies such as AUD outperformed

  • EUR/USD support is at the 10-day MA at 1.1324 and 21-day MA at 1.1310

  • A break below 1.1310 targets a double-bottom at 1.1270/75

  • Resistance is @ the 55-day MA @ 1.1370, as that reading held since Sep 16

  • Friday's gain may be a selling opportunity as long as 1.1370 caps

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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