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Thomson Reuters
Dec 05 - 12:12 AM
EUR/USD - Softer Into The Afternoon As USD Broadly Gains
First appeared on eFXplus on Dec 04 - 10:35 PM
  • EUR/USD traded in a narrow range in Asia after choppy US session
  • Range was 1.1323/46 and is closer to the lows into the afternoon
  • USD broadly bid led by AUD/USD fall after GDP & USD/JPY move above 113.00
  • EUR/USD underpinned by dovish turn in Fed expectations
  • Global growth concerns and volatile markets capping rallied
  • EUR/USD support at 1.1305/20 with break targeting Nov 28 low at 1.1267
  • Resistance at 55-day MA at 1.1455 with break targeting 1.1500

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