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Thomson Reuters
Jan 02 - 12:12 AM
EUR/USD - Edges Lower On Risk Off EUR/JPY Selling
First appeared on eFXplus on Jan 01 - 10:15 PM
  • Asia started the new year in risk-off mode due in part to weak Caixin PMI
  • AXJ equity index fell nearly 1.5% and E-minis gave back all the early gains
  • EUR/JPY selling in response to risk selling sent the cross down 0.45%
  • EUR/USD traded down to 1.1443 after trading 1.1469 earlier
  • Price action validates 100-day MA (1.1480) as key resistance
  • Support at 10-day MA at 1.1422 and 21-day mA at 1.1386

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Thomson Reuters IFR Markets


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