By John Noonan — Jan 14 - 05:36 PM
EUR/USD opens unchanged at 1.2155 after recovering from 1-month low @ 1.2111
Surge in US jobless claims and dovish Powell offset higher Treasury yields nL1N2JP2JOnL1N2JP2JS
EUR/USD resistance @ 21-day MA @ 1.2224 and break would ease pressure
Buyers ahead of 1.2100 limiting downside for now
Support is at the 38.2 of the 1.1602/1.2349 move at 1.2063
Key in Asia today will be reaction to Biden unveiling stimulus plan nL1N2JP2UX
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Source:
Refinitiv IFR Research/Market Commentary