By John Noonan — Sep 03 - 11:35 PM
EUR/USD opened 1.0775 - falling 0.65% Friday in whippy reaction to US NFPs nL1N3AD1IQ
In a quiet Asian session it rose to 1.0785/90 as risk assets gained in Asia nL4N3AG03E
Support is @ a trend-line @ 1.0777 - even though it was slightly breached
More support is at the Aug 25 low at 1.0765 and break would be bearish
Resistance is at the 10-day MA at 1.0832 and 21-day MA at 1.0881
The weak close on Friday has put EUR/USD bears back in control
EUR/USD likely to consolidate with US Labor Day holiday today
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary