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Aug 08 - 01:55 AM

EUR/USD - Soft In Early Asia On Hawkish Fed And Italy Concerns

By John Noonan  —  Aug 08 - 12:00 AM
  • EUR/USD fell to 1.0159 early Asia after closing -0.51% Friday at 1.0195

  • Hawkish Fed comments and Italy worries led to the selling nL1N2ZH1XZnL4N2ZH46VnL1N2ZJ08S

  • Early USD strength dissipated and EUR/USD back at 1.0180 into the afternoon

  • EUR/USD support is at Friday's 1.0142 low and 50% of 0.9952/1.0294 at 1.0123

  • Sellers are lined up around 1.0250 with resistance at 1.0294

  • Hawkish shift in Fed expectations to limit EUR/USD gains ahead of US CPI Wednesday

  • Range proving stubborn and break below 61.8 fibo @ 1.0082 needed to break it

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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