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Jan 13 - 02:36 AM
EUR/USD - Consolidates Around 1.1120 In Quiet Asian Session
First appeared on eFXplus on Jan 12 - 10:05 PM
  • EUR/USD slumbered in a 1.1114/223 range in a holiday affected Asian session

  • Asia was in a mild risk-on mode with the AXJ equity index rising 0.35%

  • EUR/JPY moved 0.15% higher and underpinned the EUR/USD

  • EUR/USD resistance is found at 1.1138 where the 21 & 200-day MAs converge

  • Buyers tipped at 1.1110 and support is at the 61.8 of 1.0981/1.1240 @ 1.1080

  • Key to direction will be US yields after they eased following weaker US jobs






eur/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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