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Jul 31 - 08:36 PM
EUR/USD - Poised To Move Lower After Close Below 1.1100
First appeared on eFXplus on Jul 31 - 06:35 PM
  • EUR/USD closed 0.76% lower after Fed "hawkish cut" disappointed bulls
  • Pair broke support at 1.1100 and after brief recover, it weakened into close
  • There isn't any technical support ahead of 1.1000 option barriers
  • Resistance at 1.1100/05 which was former support and hourly pullback
  • Break back above 1.1110 needed to relieve downward pressure
  • Focus shifts to Friday US jobs & solid number will increase EUR/USD pressure

eur/usd Click here

eur/usd 1 Click here

Source:
Refinitiv IFR Research/Market Commentary

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