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Apr 09 - 01:55 AM

EUR/USD - Quiet In Asia As Key Events Loom Later In The Week

By John Noonan  —  Apr 08 - 11:40 PM
  • EUR/USD opened +0.21% at 1.0860 after getting support from EUR/CHF buying

  • It only managed a 1.0856/64 range in Asia and is near low into the afternoon

  • EUR/USD resistance is at the 100-day MA at 1.0873

  • A close above 1.0880 targets the March 8 high at 1.0980

  • Support is @ 10-day MA @ 1.0814 and close below shifts pressure to downside

  • Consolidation likely to continue ahead of ECB and US CPI later in week

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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