eFX Apex
The Institutional-Grade Data Hub
- Plus: Discretionary Trades
- Edge: Sentiment Trades
- Alpha: Systematic Trades
- Apex: Full Big Data Stream
Jul 06 - 03:55 PM
–
EUR/USD - Consolidates, Upside Still Capped Near-Term
By The views — Jul 06 - 01:38 PM
• EUR/USD off session lows to trade broadly flat, ranges tight (1.1410–1.1450) with catalysts lacking
• Market reluctant to chase EUR upside evidenced by backing off from post-payrolls squeeze high at 1.1473
• 1.1473 now the key near-term, break opens up 1.15. Failure keeps downside risks in play
• Light data calendar reinforces consolidation bias into US.. CPI (14 July)
• Support at 1.1350–1.1360, then 1.1300–1.1320
EURUSD hourly chart
Justin McQueen is a Reuters market analyst. (The views expressed
are his own).
((Email: ))
Source:
London Stock Exchange Group | Thomson Reuters