By John Noonan — Jan 05 - 10:05 PM
EUR/USD opened -0.80% at 1.0520 after USD rose on strong ADP jobs data nL1N33Q274
In a quiet Asian session it could only manage a 1.0520/33 range
Asia was relatively upbeat despite the weak lead from Wall Street nL1N33R03G
EUR/USD likely to drift ahead of key US non-farm payrolls later today
Resistance is at the 21-day MA at 1.0608 and 10-day MA at 1.0613
Bids are tipped ahead of 1.0500 with a double bottom at 1.0515/20
A break below 1.0500 targets the 55-day MA at1.0368
EUR/USD vulnerable if US jobs data is stronger than expected
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary