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Thomson Reuters
Feb 01 - 05:00 AM
EUR/USD - Risk-Off Mood May Help, Data Hurt As EUR/USD Clings To Support
First appeared on eFXplus on Feb 01 - 03:15 AM
  • EUR/USD clinging onto support around the 100-DMA, today 1.1441
  • Yesterday pair closed 1.1447, so two consecutive bullish closes above
  • Today those long EUR/USD on techs may get hurt by coming data
  • German PMI f/c 49.9. EZ PMI f/c 50.5. EZ HICP f/c falling to 1.4% yy
  • U.S. jobs eyed solid. NFP +165k earnings 3.2%, U/R 3.9%
  • Risk aversion weighing US yields, narrowing spreads may support EUR/USD

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