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Mar 08 - 10:55 PM

EUR/USD - Idles In Asia As Market Looks Ahead To US Jobs

By John Noonan  —  Mar 08 - 09:50 PM
  • EUR/USD opened unchanged around 1.0545 and traded 1.0538/53

  • Heading into the afternoon it is unchanged around 1.0545

  • Market is reluctant to shift ahead of key US non-farms on Friday

  • A 50 bop Fed hike on March 22 is nearly 80% priced in

  • The risk for EUR/USD bears is softer US jobs data

  • Close support is at he 100-day MA at 1.0526 with Wednesday low at 1.0524

  • A break below 1.0520 targets the 38.2 of 0.9528/1.1034 move at 1.045

  • Resistance is at the 10-day MA at 1.0595 and break would ease the pressure

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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