Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Oct 04 - 11:55 PM

EUR/USD - Gives Back Some Of Monday's Gain As USD Bid In Asia

By John Noonan  —  Oct 04 - 10:50 PM
  • EUR/USD opened +0.22% at 1.1622 after USD broadly eased on Monday nL1N2R022R

  • Risk assets slipped lower in Asia and USD struck a bid tone nL4N2R10C8

  • EUR/USD traded down to 1.1602 and was 1.1605/10 into the afternoon

  • EUR/USD trending lower with 5, 10 & 21-day MAs in bearish alignment

  • Resistance is at the 10-day MA at 1,1652 and break eases downward pressure

  • Support at yesterday's 1.1588 low and double-bottom at 1.1560/65

  • EUR/USD likely to remain range-bound ahead of Friday's US non-farm payrolls

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2021 eFXdata · All Rights Reserved
!