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Jan 14 - 07:55 PM

EUR/USD - Opens Unchanged After Whippy US Session

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

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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