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Feb 05 - 08:36 PM

EUR/USD - Vulnerable Ahead Of Key Support

By John Noonan  —  Feb 05 - 07:25 PM
  • Better US data pushed up US yields and the USD more broadly nL1N2A51WI

  • EUR/USD opens 0.40% lower and looking vulnerable ahead of 1.0980/95 support

  • A break below 1.0980 targets he 2019 low at 1.0879

  • It would also validate break of a SHS neck-line portending steep declines

  • Resistance at 10-day MA at 1.1030 and break would ease downward pressure

  • EUR/USD likely to remain pressured ahead of Friday's US non-farm payrolls






eur/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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