Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Jun 06 - 08:55 PM

EUR/USD - Decent Recovery After US Jobs But Upside Limited

By John Noonan  —  Jun 06 - 07:31 PM
  • EUR/USD rose 0.33% on Friday, as weaker than expected US jobs underpinned nL2N2NM1PF

  • Post-US jobs rally met sellers ahead of 1.2190 and closed below 21-day MA

  • The 21-day MA comes in at 1.2175 today and is close resistance

  • More resistance comes in at the 10-day MA at 1.2193

  • A break above 1.2200 is needed to restore upward momentum

  • A break below 1.2155 would likely see gap filled to 1.2130/35

  • Range trading likely to continue as market seeks fresh catalyst

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2021 eFXdata · All Rights Reserved
!