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Apr 02 - 11:55 PM

EUR/USD - Idles In Asia As Key US Data Looms

By John Noonan  —  Apr 02 - 11:00 PM
  • EUR/USD opened +0.25% at 1.0769 after USD eased despite rising US yields

  • In a quiet Asian session the EUR/USD idled in at 1.0869/78 range

  • EUR/USD trending lower with the 5, 10 & 21-day MAs in a bearish alignment

  • Resistance is at the 10-day MA at 1.0803 with sellers ahead of 1.0800

  • Support is at the Feb 14 low at 1.0695 with bids at 1.0710/20

  • Fed expectations are in flux ahead of key US data later in the week

  • US ADP jobs and ISM non-manufacturing out today ahead of US NFPs Friday

  • Bias is for lower while the 21-day MA at 1.0860 caps rallies

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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