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Aug 04 - 02:55 AM

EUR/USD - Quiet Range In Asia As Market Awaits Fresh Catalyst

By John Noonan  —  Aug 03 - 11:55 PM
  • EUR/USD opened flat @ 1.0166 after recovering from 1.0123 during US session

  • Asia left it alone and it traded in a 1.0154/76 range

  • Heading into the afternoon it is trading around 1.0160/65

  • Support is at 21-day MA at 1.0157 and close below would increase pressure

  • Resistance is at the 10-day MA at 1.0197 with sellers tipped 1.0200/20

  • EUR/USD stuck in a range as market seeks a fresh catalyst

  • Range trading may continue until key US non-farm payrolls Friday

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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