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Jul 02 - 09:48 PM
EUR/USD - Range Trading Expected In Long Wait Until US Jobs
First appeared on eFXplus on Jul 02 - 07:30 PM
  • EUR/USD opens unchanged, as lower US yields underpin and EUR/JPY sales cap
  • Range trading is expected ahead of US NFPs Friday - with US closed Thursday
  • EUR/USD traded to 1.1322 on chatter ECB to remain on hold later this month
  • Steady EUR/JPY selling capped and EUR/USD eased into the US close
  • Support at 61.8 of 1.1181/1.1412 move at 1.1269 and 100-day MA at 1.1260
  • Resistance at 1.1335/40 where the 10 & 200-day MAs converge

eur/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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