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Thomson Reuters
Apr 05 - 12:12 AM
EUR/USD - Narrow Range Ahead Of US Payrolls
First appeared on eFXplus on Apr 04 - 10:50 PM
  • EUR/USD idled in a 1.1218/29 range in a very quiet Asian session
  • Some support from EUR/JPY buying on positive US-China comments nL3N21N04X
  • Market hesitant to sell below 1.1200 after repeated fails to follow-through
  • Resistance at 21-day MA at 1.1278 and 38.2 fibo of 1.1448/1.1183 at 1.1284
  • More range trading expected ahead of the US non-farm payrolls later today
  • A strong US jobs report likely to push US yields & USD higher/EUR/USD lower
  • Weaker than expected jobs report to keep EUR/USD safe within the range

eur/usd Click here

Source:
Thomson Reuters IFR Markets

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