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Jan 08 - 11:55 PM

EUR/USD - Remains Soft In Asia - EZ Data, Fed Speakers Lead

By Andrew Spencer  —  Jan 08 - 10:10 PM

• Off 0.05% in a 1.0305-1.0320 range with the U.S. dollar off 0.05% in Asia

• Plenty of EZ data- German IP, EZ retail sales, and the ECB Economic Bulletin

• There are four Federal Reserve speakers tonight - could generate volatility

• ECB should help euro zone economy run at potential, board member Cipollone

• Charts - horizontal daily momentum studies, 21-day Bollinger bands slide

• 5, 10 & 21-DMAs ease, weekly moving averages fall - a negative bias

• Monday's 1.0437 top, then Dec 17 1.0535 high are initial resistance

• Yesterday's 1.0273 low, then the 1.0224 January base are the first supports

• 1.0300 4531 BLN, 1.0340 866mlm and 1.0350 1.943BLN close strikes for Jan 9th
Andy


(Andrew Spencer is a Reuters market analyst. The views expressed are his own.)

Source:
London Stock Exchange Group | Thomson Reuters

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