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Thomson Reuters
Apr 29 - 08:36 PM
EUR/USD - Opens Higher On Pre-Fed Position Adjustments
First appeared on eFXplus on Apr 29 - 07:05 PM
  • EUR/USD opens 0.33% higher on short covering ahead of FOMC and US jobs data
  • Activity was light and that should remain the case in Asia with Tokyo away
  • Market reluctant to sell EUR/USD into weakness after months of range trading
  • Resistance at 1.1191 which is 38.2 of 1.1324/1.1110 move
  • More resistance @ 10-day MA @ 1.1205 and break warns S/T bottom in place

eur/usd Click here

Source:
Thomson Reuters IFR Markets

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